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 approved for interconnection, it must comply with the utility's applicable tariffs and pay all necessary interconnection costs. The bill also stipulates that these facilities will be compensated for the electricity they supply on a real-time basis.

Furthermore, the bill outlines 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 term "interconnection facilities" is defined as the dedicated electric facilities necessary for connecting renewable energy generators to the electric transmission or distribution system. The bill also emphasizes that grid supply solar facilities connected under this act will be eligible for state incentives, contingent upon obtaining 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 enactment.