New Jersey A3659 requires electric public utilities to establish an interest-free revolving loan program for residential customers to purchase.

New Jersey A3659 mandates that electric public utilities establish an interest-free revolving loan program to assist residential customers in purchasing standby emergency power generators. The program includes loans up to $8,000 per generator per customer and an interest-free repayment period determined by the Board of Public Utilities. The utility will impose an energy resilience fee on participating customers, with revenues pledged to repay financing costs. The fee is not considered utility revenue and is not subject to state taxes or fees.

New Jersey A3659 requires electric public utilities to establish an interest-free revolving loan program for residential customers to purchase.

New Jersey A3659 mandates that electric public utilities establish an interest-free revolving loan program to assist residential customers in purchasing standby emergency power generators. The program includes loans up to $8,000 per generator per customer and an interest-free repayment period determined by the Board of Public Utilities. The utility will impose an energy resilience fee on participating customers, with revenues pledged to repay financing costs. The fee is not considered utility revenue and is not subject to state taxes or fees.