Revises law concerning Class I and solar renewable energy portfolio standards, solar renewable energy certificates, and net metering.
Directs BPU to establish process to maintain supply and demand for solar renewable energy certificates.
Establishes "Neighborhood Solar Energy Investment Program."
Establishes "Neighborhood Solar Energy Investment Program."
Requires, by energy year 2050, all electric power sold in NJ by each electric power supplier and basic generation service provider to be from zero-carbon sources.
Requires, by energy year 2050, all electric power sold in NJ by each electric power supplier and basic generation service provider to be from zero-carbon sources.
Repeals certain energy reduction and reporting requirements for electric and natural gas usage.
Revises value of solar alternative compliance payment.