House Bill 874 Introduced to Allow Third-Party Financing of Solar Power


By: Bobby Baker
Representative Mike Dudgeon (R-Johns Creek) introduced HB 874, the Solar Power Free-Market Financing and Property Rights Act of 2014, which will eliminate the legislative barrier to business and residential consumers using third-party financing to install solar power.  Currently Georgia law prohibits consumers from financing solar power through the use of third-party financing options or leasing arrangements.  Currently, Georgia consumers may only purchase and install solar power generation.
HB 874 only applies to financing of solar technology, and no tax credit or incentives are provided in the legislation.  The legislation updates Georgia law to eliminate anti-competitive legal barriers to allow individual consumers to develop solar energy generation.  A hearing before the House Energy, Utilities & Telecommunications Committee is scheduled for February 20.