Requires State to bear costs of interconnection of net-metered, residential, Class I renewable energy systems.

This bill requires the State of New Jersey to cover the reasonable costs of interconnecting new residential, net-metered Class I renewable energy systems to the electrical grid. It mandates the Board of Public Utilities (BPU) to establish a grant program to provide funds to either customers or electric public utilities to cover these interconnection costs. The BPU would be authorized to use funds collected through the societal benefits charge (established under previous legislation) to finance this program. The requirement would take effect six months after the bill's enactment.