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NJ S4869
Bill
Status
11/13/2025
Primary Sponsor
Robert Smith
Click for details
AI Summary
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Increases the SREC-II program's solar power generation goal from 3,750 megawatts by 2026 to 750 megawatts per year until 2035, covering residential, commercial, industrial, and grid-scale solar facilities
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Expands the community solar target to 3,000 megawatts between October 1, 2025 and December 31, 2029, with at least 150 megawatts per year required thereafter
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Extends the competitive solicitation process for awarding SREC-II contracts from ending in 2026 to ending no earlier than January 1, 2035
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Authorizes the Board of Public Utilities to further extend the program or increase generation goals beyond 2035 to conform to state solar energy policies
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Allows the Board to implement cost containment measures beyond just bid thresholds when conducting competitive solicitations for solar projects
Legislative Description
Increases solar development goals of SREC-II program and extends certain target dates of program to 2035.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
12/1/2025