Requires an electric utility to: (1) Offer an on-bill repayment program option to its retail electric customers beginning January 1, 2020;

(2) Provide participants in the program with conservation incentives for which the participant is eligible; and

(3) Prepare a marketing and outreach program to promote its program as part of its biennial conservation plan.

Authorizes a qualifying utility, in meeting its conservation targets, to count the conservation savings associated with the program, provided that the savings otherwise qualify as cost-effective conservation.