An Act Establishing a Wind and Solar Energy Loan Guarantee Program
Maine Legislature, Session 124, LD 1030
Committee: Utilities and Energy
Sponsors: BRYANT, ADAMS, FITTS, FLAHERTY, HINCK, PETERSON, BARTLETT, GERZOFSKY, SIMPSON

Legislative Document 
No. 1030 
H.P.705 
House of Representatives, March 17,2009 
An Act Establishing a Wind and Solar Energy Loan Guarantee 
Program 
Reference to the Committee on Utilities and Energy suggested and ordered printed. 
Presented by Representative BRYANT of Windham. 
Cosponsored by Senator BRYANT of Oxford and 
'7JI4~ 1/1. 7!l0£;~{ 
MILLICENT M. MacFARLAND 
Clerk 
Representatives: ADAMS of Portland, FITTS of Pittsfield, FLAHERTY of Scarborough, 
HINCK of Portland, PETERSON of Rumford, Senators: BARTLETT ofCumb~r1and, 
GERZOFSKY of Cumberland, SIMPSON of AiIdro!,;coggin. 
Printt.'uwl rct.:yd.::L1 paper 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 35-A MRSA §l0009 is enacted to read: 
§10009. Domestic Wind and Solar Energy Loan Guarantee Program;· Domestic 
Wind and Solar Energy Fund 
L Program and fund. The commission shall implement the Domestic Wind and 
Solar Energy Loan Guarantee Program,· referred~ to in this subsection· as "the program," 
and the Domestic Wind and Solar Energy Fund, referred to in this· subsection ·as "the 
fund." 
A. 
The program is established to guarantee loans that are originated and held 
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privately for the purposes of acquiring wind and solar power generation equipment. 
The guarantee must be secured by the wind and solar power generation equipment 
that is purchased with the loan. 
Wind and solar power generation equipment 
acquired by the. program through the default on a loan may be sold by the 
commission and the proceeds must be credited to the program. 
B. 
The fund· consists of appropriations for the purposes for which the fund is 
established and any other funds from any public or private source received for use of 
any of the purposes for which the fund is established.· The fund is a nonlapsing 
revolving fund account. 
. 
(1) The commission shall credit to the program all income resulting from the sale 
of property used to secure loans pursuant to paragraph A. 
(2) Money in the fund not needed to meet the current obligations' of the program 
must be deposited with the Treasurer of State to the credit of the fund account 
and may be invested in such manner as is provided by law; Interest received on 
that investment must be credited to the fund account. 
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(3) At the end of each fiscal year, all unencumbered balances in the 'fund account 
may be carried forward to be used for the purposes specified in this subsection. 
2. Eligibility; fulemaking. An application for a loan guarantee may be granted 
under this section for resideritial and small commercial projects that meet· the 
qualifications set forth in this subsection and established by the commission by rule. 
Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, 
chapter 375, subchapter 2-A. 
. 
. 
A. An applicant for a loan guarantee for the purchase of solar power generation 
equipment must submit with the application a copy ofa comprehensive energy audit 
performed on the subject property within the previous 12 months. 
B. An applicant for a loan guarantee for the purchase of wind power generation 
equipment must submit with the application a copy of the results of a reliability and 
capacity test for. wind power potential performed at the subject site within the 
previous 12 months. 
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SUMMARY 
This bill establishes the Domestic Wind and Solar Energy Loan Guarantee Program, 
to be implemented by the Public Utilities Commission.