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S 4061·NJ·senate

Allows value of SREC-IIs to be included in cost-benefit calculations under energy savings improvement programs.

In CommitteeFiled Mar 23, 2026
Sponsor: Smith, Bob (D)
Latest Action

Referred to SBA

May 18, 2026

Summary

The bill changes the state’s energy‑savings improvement statutes so that the monetary value of Solar Renewable Energy Certificate Tier II (SREC‑II) credits can be included when schools calculate the financial return of a project. It applies to boards of education and the energy services companies they contract with, potentially making more projects financially viable.

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