Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.

This bill establishes a program to help New Jersey state agencies, local governments, and school districts finance energy efficiency upgrades in their buildings. It authorizes the New Jersey Infrastructure Bank to provide loans and financial assistance for projects like solar panels, improved insulation, and efficient HVAC systems, using up to $20 million annually from societal benefits charge revenues. Projects must demonstrate that total costs will be offset by energy savings within 10 years or the equipment's useful life. The program requires applicants to complete an energy assessment showing cost-effectiveness before receiving funding.