Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

This bill provides tax credits for New Jersey taxpayers who install solar energy systems on their properties. Residential property owners can receive up to $5,000 (35% of qualified costs), apartment building owners up to $350 per unit, and commercial/industrial property owners up to $500,000. Taxpayers must apply for certification from the Commissioner of Environmental Protection, which must be processed within 90 days, and credits can be carried forward for up to seven years. The program is capped at $25 million in total credits per year and will expire after five years.