Establishes green infrastructure financing program.
S 985 proposes a state-administered financing program to help New Jersey utility customers afford clean energy equipment like solar panels and energy-efficient upgrades. Instead of requiring large upfront payments, the program would allow customers to pay for installations through small, recurring charges added to their monthly utility bills. It specifically targets underserved households and businesses that cannot access traditional financing due to cost barriers. Administered by the New Jersey Economic Development Authority with oversight from the Board of Public Utilities, the program aims to expand access to affordable clean energy solutions while supporting the state's renewable energy goals.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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1
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0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Environment and Energy Committee
upper
2 primary · 0 co-sponsors
Sponsors
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