Establishes "Neighborhood Solar Energy Investment Program."

This bill establishes renewable energy portfolio standards requiring electric power suppliers and basic generation service providers in New Jersey to source increasing percentages of electricity from renewable sources. Specifically, it mandates 2.5% from Class II renewables (like biomass) and requires Class I renewables (including solar, wind, and hydro) to reach 21% by 2020, 35% by 2025, and 50% by 2030. The bill also requires suppliers to disclose fuel mix and emissions data on customer bills and caps customer costs for Class I renewable requirements at 9% of electricity costs through 2021, then 7% annually after. These requirements apply directly to energy suppliers and indirectly affect all electricity customers in the state. (Note: The bill’s title references a "Neighborhood Solar Energy Investment Program," but the actual provisions focus on broader renewable portfolio standards and disclosure rules, not a specific solar program.)