Directs BPU to conduct study to determine feasibility of use of large-scale geothermal heat pump systems in State.

This bill directs New Jersey's Board of Public Utilities (BPU) to study the feasibility of large-scale geothermal heat pump systems, which use underground temperatures to heat and cool buildings. The BPU must assess installation challenges, consult with the U.S. Department of Energy, other states, and experts, and evaluate costs, savings for ratepayers and utilities, and potential financial incentives. Within one year, the BPU must submit a report with findings and recommendations for a possible pilot program. This study affects state agencies, utilities, and future ratepayers by examining a potential clean energy option for building climate control.