1. (a) There is established the solar hui program to be administered by the authority. The solar hui program shall provide a multi-family residential property owner the opportunity to invest in the solar hui investment fund established pursuant to section 196-113. Multi-family residential property owners who invest in the solar hui investment fund under the solar hui program may be eligible to receive:

   1. (1) Any tax credit associated with the installation of a solar energy system, subject to the requirements of the tax credit; and

   2. (2) Any income derived from:

      1. (A) Repayment of an energy services agreement with the low- and moderate-income household ratepayer provided by the solar hui investment fund; or
      2. (B) Generation of energy from an energy project entered into by the fund manager.

2. (b) There is established within the authority the position of the solar hui program fund manager, which shall be a full-time equivalent position exempt from chapter 76. The solar hui program fund manager shall:

   1. (1) Manage the solar hui investment fund established pursuant to section 196-113;
   2. (2) Market the solar hui program to multi-family residential property owners; and
   3. (3) Select solar contractors for energy projects.
3. (c) The authority shall adopt rules pursuant to chapter 91 to carry out the purposes of this part.

[L 2024, c 40, pt of §1]