Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.

This bill establishes a program to help New Jersey's public buildings become more energy-efficient. It allows the state's Board of Public Utilities to transfer up to $20 million annually from energy efficiency fees to the New Jersey Infrastructure Bank, which will provide loans and financial assistance for projects like solar panels, insulation, and efficient heating systems. State agencies, local governments, and school districts must first complete an energy assessment proving the project will save more on energy costs than it costs over 10 years or the equipment's lifespan before receiving funding. The program requires projects to demonstrate cost savings through lower energy bills, directly benefiting public entities that own or operate buildings across the state.