Allows value of SREC-IIs to be included in cost-benefit calculations under energy savings improvement programs.

This bill allows school districts in New Jersey to count the value of SREC-IIs (Solar Renewable Energy Credits) as part of the financial calculations when deciding whether energy-saving projects are cost-effective. It directly affects school boards and energy service companies that implement energy conservation programs in public schools. The key change permits these renewable energy credits to be included in cost-benefit analyses, potentially making it easier for districts to justify and fund energy efficiency improvements. The bill does not alter existing requirements for public bidding, prevailing wages, or contractor qualifications under current energy savings improvement programs.