This bill amends Section 5 of P.L.2018, c.17 to enhance the Community Solar Energy Pilot Program in New Jersey. It mandates the Board of Public Utilities (BPU) to adopt rules and regulations that allow customers of electric public utilities to participate in solar energy projects located remotely from their properties. The bill establishes various requirements for these projects, including a maximum capacity of five megawatts per project, geographic limitations, and provisions to ensure access for low and moderate-income customers. Additionally, it outlines the need for a verification process to ensure that the energy produced meets the credits provided to participating customers.

Significantly, the bill introduces new targets for solar energy project registrations, aiming for a conditional registration of 225 megawatts by June 1, 2024, with potential increases based on demand. It also stipulates that the BPU will open registration for an additional 3,000 megawatts of solar energy projects by October 1, 2025, with a completion deadline of December 31, 2029. The bill includes various standards and requirements for project participation, credit valuation, and compliance, ensuring a structured approach to expanding solar energy access in New Jersey.

Statutes affected:
Introduced: 48:3-87.11
Advance Law: 48:3-87.11