New Jersey Assembly Bill A4974

New Jersey 2022-2023 Regular Session

• Introduced: 12/12/22
• Refer: 12/12/22

Caption

Directs BPU to conduct study to determine feasibility of use of large-scale geothermal heat pump systems in State.

Impact

If enacted, A4974 could mark a significant shift in New Jersey's energy policies by potentially integrating geothermal technology into the state's energy portfolio. The findings from the study are intended to inform future legislative and executive actions concerning the deployment of geothermal systems, which could enhance energy efficiency and reduce reliance on fossil fuels. The bill also emphasizes the importance of collaboration with various entities, including state public utilities and the Department of Energy, to ensure a comprehensive evaluation of geothermal energy's viability.

Summary

Assembly Bill A4974 is an initiative aimed at directing the New Jersey Board of Public Utilities (BPU) to conduct a detailed study on the feasibility of implementing large-scale geothermal heat pump systems across the state. This bill underscores the potential of geothermal energy as a sustainable solution for heating and cooling buildings by leveraging the constant temperatures found underground. The BPU is tasked with evaluating various aspects related to these systems, including the obstacles to installation, costs, benefits, and potential financial incentives to promote their adoption.

Contention

Discussions surrounding A4974 may reveal mixed opinions on the bill, particularly regarding the feasibility and the financial implications of establishing a new energy sector within the state. Some stakeholders may argue for the necessity of investing in sustainable energy alternatives, advocating that geothermal systems can provide long-term environmental and financial benefits. Conversely, others may express concerns about the costs associated with the initial study and implementation and whether these systems can be adequately supported within New Jersey's existing infrastructure.