Requires State to bear costs of interconnection of net-metered, residential, Class I renewable energy systems.

This bill requires New Jersey to cover the cost of connecting residential, net-metered Class I renewable energy systems (such as home solar panels) to the electric grid. It amends state law to include these interconnection costs in the existing "societal benefits charge," a fee added to all electricity bills. This shifts the financial responsibility from homeowners or utilities to the state, with costs shared by all ratepayers. The bill also mandates that 25% of funding for renewable energy programs must support Class I projects.