New Jersey Senate Bill S972

New Jersey 2022-2023 Regular Session

• Introduced: 1/31/22
• Refer: 1/31/22

Caption

Requires BPU to provide funding for purchase and installation of photovoltaic technologies for age-restricted community clubhouse facilities from societal benefits charge.

Impact

If enacted, SB 972 would expand the BPU's existing demand-side management programs. Notably, the provision of grants and low-interest loans will empower age-restricted communities to undertake substantial upgrades in their energy infrastructure. This measure is projected to make energy services more affordable while also increasing the adoption of renewable energy technologies. According to segment 1 of the bill, communities that meet the definition of 'housing for older persons' will be catalyzed in their transition towards greener practices.

Summary

Senate Bill 972 aims to provide specific energy assistance by requiring the New Jersey Board of Public Utilities (BPU) to offer funding for the purchase and installation of photovoltaic technologies in age-restricted community clubhouse facilities. The funding would be sourced from the societal benefits charge, enabling these communities to enhance their energy sustainability while addressing their unique operational needs. This initiative reflects a growing trend towards renewable energy systems in non-traditional sectors, like residential communities for older persons.

Contention

Although the bill garners support for its potential environmental benefits and sustainability goals, it may also face opposition related to the allocation of funding from the societal benefits charge. Critics could argue that such allocated funds should instead be directed towards broader communal programs or that this targeted funding could inadvertently lead to inequities in energy investment across different sectors or community types. Thus, while SB 972 attempts to further renewable measures in age-restricted communities, it simultaneously raises questions concerning equity in energy policy and funding use.