Section 135-C. Home conservation plans; eligibility; approval by the commission

1. After hearing  upon  reasonable  notice,  the  commission
  shall  establish  home conservation plans for each utility in accordance
  with the provisions of  this  article.  Such  plans  shall  be  open  to
  participation  by  all eligible customers meeting the criteria set forth
  in this article. Such  eligibility  shall  cease  June  first,  nineteen
  hundred ninety-six.
    2.  Participation  shall be open to all eligible customers, regardless
  of type of fuel or energy used for space or water heating or cooling.
    3. Participation shall be limited to individual projects  wherein  the
  amount  to be financed is in excess of two hundred dollars. In addition,
  the estimated cost of such projects must be recovered within seven years
  from the savings generated by reduced energy consumption resulting  from
  such  projects;  provided  however, in the case of heat pumps, solar and
  wind systems, the estimated cost of  such  projects  must  be  recovered
  within fifteen years.