Establishes solar energy grant program in BPU to provide grants to public schools for solar energy projects; appropriates $15 million.

This bill creates a $15 million grant program within the Board of Public Utilities to help New Jersey public schools and colleges install solar energy systems. The program allows eligible institutions to receive up to 50 percent of the costs for purchasing and installing solar panels, energy storage, and related equipment without needing to provide matching funds. To ensure long-term value, the legislation requires that if a school facility is sold within 20 years, the new owner must reimburse a portion of the grant based on how long the project has been in place. The Board of Public Utilities will develop application guidelines and monitor how the funds are used to meet the state's climate and energy goals.