This bill mandates that electric public utilities in New Jersey must accept, process, and approve interconnection applications for grid supply solar facilities with a capacity of 20 megawatts or less. The utilities can only reject applications if they find them incomplete or if the proposed interconnection poses safety risks or stability issues to the electric distribution or transmission system. If an application is deemed incomplete, the utility is required to provide recommendations for modifications. Additionally, once a facility is interconnected, it must be compensated for the electricity supplied based on real-time measurements at the point of interconnection.

Furthermore, the bill stipulates that electric public utilities must extend interconnection facilities to the grid supply solar facilities at the applicant's expense, ensuring compliance with safety and construction standards. The bill also clarifies that grid supply solar facilities are eligible for state incentives, provided they receive approval from the Board of Public Utilities. The Board is tasked with adopting necessary rules and regulations to implement these provisions within 120 days of the bill's effective date.