Directs BPU to conduct study to determine feasibility, marketability, and costs of implementing large-scale geothermal heat pump systems in State.

This bill directs New Jersey's Board of Public Utilities (BPU) to study the feasibility, costs, and marketability of implementing large-scale geothermal heat pump systems statewide. The study requires the BPU to assess installation challenges, compare geothermal energy costs with natural gas/propane/fuel oil in buildings, evaluate potential financial incentives, and consult with experts, other states (like Massachusetts and New York), and utilities. It mandates the BPU to report findings and recommend a pilot program within one year. The study directly affects the BPU and will inform future decisions about incentives for builders, ratepayers, and government entities considering geothermal systems.