Establishes "Solar Roof Installation Warranty Program" in EDA and transfers $2 million from societal benefits charge to initially fund program.

S 2427 creates a "Solar Roof Installation Warranty Program" within New Jersey's Economic Development Authority (EDA), providing loan guarantees for solar installations. The program would guarantee up to 90% of loans for solar systems in industrial, commercial, or office buildings, directly benefiting building owners and solar contractors. It is initially funded by transferring $2 million from the state's societal benefits charge to the EDA. The bill amends existing EDA authority to add this specific loan guarantee mechanism, making it easier for businesses to finance solar roof installations.