Requires public utilities to provide Energy Star-rated product and appliance rebates of no less than 20 percent of total cost of product or appliance.

This bill requires public utilities in New Jersey to offer rebates of at least 20 percent of the total cost for residential products and appliances that carry the federal Energy Star label. The requirement applies specifically to rebate programs administered as part of energy efficiency or peak demand reduction initiatives approved by the Board of Public Utilities. The measure directly affects utility companies that operate these rebate programs and consumers purchasing Energy Star-rated items through those programs. The law takes effect immediately upon passage.