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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