Provides CBT tax credit for retrofit of existing warehouses with solar-ready zone once solar panels are installed.

This New Jersey bill provides a tax credit for businesses that retrofit existing warehouses (at least 100,000 sq ft used for storage) with designated solar-ready zones. The credit, capped at $250,000 per warehouse or 50% of retrofit costs, is only available after solar panels are actually installed on the prepared zone. Businesses can claim this credit for up to eight qualifying warehouses in a single tax year. The program has a total funding limit of $25 million across all claims, and the state tax authority must verify solar panel installation before issuing credits. It aims to incentivize solar infrastructure in commercial storage facilities through direct financial support.