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Bill > S3697

NJ S3697

NJ S3697
Requires BPU to designate solar portion of critical renewable microgrid as solar energy project under Community Solar Energy Program; requires Office of Homeland Security and Preparedness to designate certain microgrids as assets of importance.

summary

Introduced
03/02/2023
In Committee
03/02/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Requires BPU to designate solar portion of critical renewable microgrid as solar energy project under Community Solar Energy Program; requires Office of Homeland Security and Preparedness to designate certain microgrids as assets of importance.

AI Summary

This bill requires the Board of Public Utilities (BPU) to develop a program that allows certain solar energy systems connected to a "critical renewable microgrid" (a microgrid that uses renewable energy as its primary source and serves a critical function during power outages) to be designated as solar energy projects under the Community Solar Energy Program. These designated solar projects would be eligible for SREC-II credits (a type of solar renewable energy credit) at the value for low- or moderate-income customers and could have a capacity larger than 5 megawatts. The bill also requires the Office of Homeland Security and Preparedness to designate certain microgrids as "assets of importance," which would exempt any incentives for the connected solar projects from the Class I renewable energy requirement cost cap.

Committee Categories

Agriculture and Natural Resources

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 03/02/2023)
(1 Companion Bills)

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