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  • NJ A1672
  • Establishes "Neighborhood Solar Energy Investment Program."
Introduced
(1/27/2016)
In Committee
(2/4/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill establishes the "Neighborhood Solar Energy Investment Program" to permit customers of an electric public utility to invest in solar energy projects. Under the bill, the Board of Public Utilities (board) board is to permit a customer of an electric public utility to invest in a solar energy project in a manner and at a price that is determined by the owner of a solar energy project, provided that the solar energy project is connected to the electric grid and located in the service territory of the electric public utility which services the investing customer. A customer who has invested in a solar energy project is to be permitted a credit on the customer's electric utility bill for the amount of energy that the customer's investment has produced, provided that the credit is less than or equal to the customer's annual electric usage in the previous energy year. A customer is to be compensated for any credits each billing period or at the end of the annual billing period. As determined by the board, the board is to require the owner of a solar energy project to provide a copy of its agreement with its investing customer to the customer's electric public utility, report the amount of energy produced by the customer's investment each billing period to the customer's electric public utility, and notify the customer's electric public utility once the agreement between the owner of the solar energy project and the customer has been terminated. The bill provides that the board is to make available on its Internet website information on solar energy projects whose owners are seeking investors. The bill requires the board to establish standards and an application process for owners of solar energy projects who wish to be included in the Neighborhood Solar Energy Investment Program. The standards for the Neighborhood Solar Energy Investment Program are to include, but not be limited to, a verification process to ensure that solar energy projects are producing an amount of energy that is greater than or equal to the amount of energy that is being credited to its investors' electric utility bills.
2nd Reading in the Assembly, Telecommunications and Utilities
Reported out of Assembly Comm. with Amendments, 2nd Reading  (on 2/4/2016)
 
 

Date Chamber Action Description
2/4/2016 A Reported out of Assembly Comm. with Amendments, 2nd Reading
2/4/2016 Assembly Telecommunications and Utilities Hearing (10:00 2/4/2016 Committee Room 9, 3rd Floor)
1/27/2016 A Introduced, Referred to Assembly Telecommunications and Utilities Committee
Date Motion Yea Nay Other
Detail 2/4/2016 Assembly Telecommunications and Utilities Committee: Reported with Amendments 7 1 0