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 across the state. The study must assess installation challenges, compare geothermal energy to traditional heating sources (like natural gas), evaluate potential financial incentives, and consult with experts, other states, and utilities. The BPU must submit a report within one year with recommendations for a pilot program and potential legislative or policy actions. This study will inform whether geothermal systems could be a viable energy option for public and private buildings. The bill does not implement geothermal systems but sets the groundwork for future decisions.