New Jersey A1480 revises renewable energy portfolio standards, increasing solar energy requirements and extending the solar renewable energy.

New Jersey A1480 amends the state's renewable energy portfolio standards, setting new targets for solar energy usage. The bill mandates that by 2030, 50% of the energy sold in the state must be from Class I renewable energy sources, excluding nuclear and zero-carbon sources. It extends the solar renewable energy certificate program, requiring solar electric power generation facilities to generate SRECs until 2033. The bill also establishes a financial incentive for solar projects on brownfields and mandates an electric energy efficiency program to reduce electricity usage.

New Jersey A1480 revises renewable energy portfolio standards, increasing solar energy requirements and extending the solar renewable energy.

New Jersey A1480 amends the state's renewable energy portfolio standards, setting new targets for solar energy usage. The bill mandates that by 2030, 50% of the energy sold in the state must be from Class I renewable energy sources, excluding nuclear and zero-carbon sources. It extends the solar renewable energy certificate program, requiring solar electric power generation facilities to generate SRECs until 2033. The bill also establishes a financial incentive for solar projects on brownfields and mandates an electric energy efficiency program to reduce electricity usage.