Directs BPU to establish rebate program for purchase of zero-emission lawn equipment.
Impact
The bill will provide financial assistance through a structured rebate system for individuals and businesses that purchase zero-emission lawn equipment. The amount of rebate varies based on the price of the equipment, with a maximum cap depending on the equipment's price range: 25% of the cost or a predetermined limit (e.g., $50 for equipment costing $250 or less). This program is expected to not only decrease reliance on gas-powered equipment but also encourage the local economy by making environmentally friendly options more accessible to consumers.
Summary
Senate Bill S3834 aims to promote the adoption of zero-emission lawn equipment by directing the New Jersey Board of Public Utilities (BPU) to establish a rebate program. This initiative comes in light of growing concerns over environmental issues related to gas-powered lawn equipment, such as emissions contributing to air pollution. The proposed rebate system incentivizes both residents and businesses to transition towards cleaner alternatives, thereby fostering a more sustainable environment in the state.
Contention
Although the bill generally receives support for its environmental objectives, potential points of contention may arise regarding the guidelines for implementing and managing the program. Questions about the adequacy of funding sourced from the societal benefits charge and the administrative efficiency in processing rebates may also lead to debates. Further, some stakeholders might express concerns that this shift towards zero-emission products could affect traditional manufacturers of gas-powered equipment.
Prohibits sale and use of gas-powered lawn equipment in NJ; provides CBT and gross income tax credits for purchase of certain zero-emission lawn equipment.
Prohibits sale and use of gas-powered lawn equipment in NJ; provides CBT and gross income tax credits for purchase of certain zero-emission lawn equipment.