Bill > A6044

Introduced Session

This bill would extend to 2035 the date by which the SREC-II program is to meet its new goal of incentivizing the development of at least 6,500 megawatts of new solar power generation. Under current law, the program's goal is to incentivize the development of 3,750 megawatts of solar generation by 2026. The SREC-II program includes a small solar facilities incentive program. This incentive would award SREC-IIs to community solar facilities and net metered solar facilities less than five megawatts in size. This bill expands the goal of the small solar facilities incentive program to provide SREC-IIs for the development of at least 300 megawatts of net-metered solar facilities per year, 3,000 megawatts of community solar facilities between October 1, 2025 and December 31, 2029, and at least 150 megawatts of community solar facilities per year thereafter, and 50 megawatts of solar facilities in the remote net metering, for the duration of the SREC-II program. This bill modifies the SREC-II program's competitive solicitation process for the award of SREC-IIs to net meter solar facilities greater than five megawatts in size and to grid supply solar facilities by permitting the Board of Public Utilities to establish cost containment measures when conducting competitive solicitation. This bill would extend the minimum duration of the competitive solicitation process until 2035.

AI Summary

Committee Categories

Robert Karabinchak (D)*, 

Assembly Telecommunications and Utilities Hearing (10:00:00 1/5/2026 Committee Room 13, 4th Floor, State House Annex, Trenton, NJ) (on 01/05/2026)

Official Document