Revises value of solar alternative compliance payment.

This bill revises the solar alternative compliance payment (SACP) value that electric power suppliers can pay instead of purchasing solar renewable energy certificates (SRECs) to meet solar renewable portfolio standards. The bill reduces the SACP amount for Energy Years 2026 through 2033, setting it at $50 for 2026, $40 for 2027, $30 for 2028, $20 for 2029, and $10 for 2030 through 2033. The bill clarifies that these SACP values are fixed by statute rather than determined by the Board of Public Utilities, and requires any cost savings from this reduction to be reflected in utility rates. This change directly affects electric power suppliers and basic generation service providers who must meet New Jersey's solar energy requirements.