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. It directly affects utility companies that administer energy efficiency or peak demand reduction programs and the homeowners who purchase qualifying Energy Star-rated items. The law mandates that these rebates be calculated based on the full price of the product or appliance and must be provided as part of existing utility programs approved by the Board of Public Utilities. The legislation takes effect immediately upon passage without requiring additional administrative steps.