ASSEMBLY TELECOMMUNICATIONS AND UTILITIES COMMITTEE

STATEMENT TO

ASSEMBLY, No. 5768

STATE OF NEW JERSEY

DATED:  JUNE 12, 2025

      The Assembly Telecommunications and Utilities Committee reports favorably Assembly Bill No. 5768. 

      As reported, this bill directs the Board of Public Utilities (board) to open registration by August 1, 2025 for an additional 3,000 megawatts of community solar projects.  The bill requires the board to accept and approve registrations until the earlier of December 31, 2029 or such time as the 3,000 megawatts of solar energy projects are completely registered.  The board shall set SREC-II levels and guaranteed bill credit discount levels as appropriate to enable the complete registration of the 3,000 megawatts of solar energy projects by December 31, 2029.  The bill also removes the 150-megawatt, annual goal under the community solar program.