Requires BPU to designate solar portion of critical renewable microgrid as solar energy project under Community Solar Energy Program; requires Office of Homeland Security and Preparedness to designate certain microgrids as assets of importance.

This bill requires New Jersey's Board of Public Utilities (BPU) to create a program allowing solar energy systems connected to "critical renewable microgrids" to qualify as community solar projects. These systems would receive special incentives, including solar energy credits at low-income rates and the ability to exceed the standard 5-megawatt capacity limit. To qualify, systems must supply at least 75% of their energy to low- or moderate-income customers at 20% below standard rates. Additionally, the Office of Homeland Security must designate qualifying microgrids as "assets of importance," exempting their solar incentives from certain cost caps. The program is limited to 100 megawatts annually and requires systems to begin operations within 3-4 years of approval.