New Jersey A5576 allows the value of SREC-IIs to be included in cost-benefit calculations for energy savings improvement programs.
New Jersey A5576 amends the statute to allow the value of SREC-IIs to be included in cost-benefit calculations for energy savings improvement programs. The bill specifies that SREC-IIs, which are certificates representing renewable energy credits, can be factored into determining whether the energy savings from these programs will cover the costs of energy conservation measures. This change aims to provide a more accurate assessment of the financial viability of such programs by incorporating the current value of SREC-IIs into the calculations.
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