Bill > S1815

This bill establishes a solar energy project grant program administered by the Board of Public Utilities (BPU) to provide financial assistance to public schools and other eligible entities, such as school districts and educational service commissions, for the installation of solar energy systems. The program aims to reduce energy costs for these institutions, enhance their energy resilience, and contribute to the state's climate goals, with $15 million appropriated from the General Fund to support these grants. Eligible project costs include equipment purchase and installation, permit fees, and energy storage, and grants can cover up to 50% of these costs, with no matching funds required from applicants. The bill also includes provisions for the reimbursement of grant funds if a school facility with a solar project is sold or transferred within 20 years of the grant award, with the reimbursement amount decreasing over time. The BPU is tasked with developing program guidelines, application procedures, and reporting requirements, and will also provide technical assistance and information regarding federal funding opportunities like the Inflation Reduction Act.