A 3969 New Jersey General Assembly · 2026-2027 Regular Session

Increases solar development goals of SREC-II program and extends certain target dates of program to 2035.

This bill amends New Jersey's solar incentive program (SREC-II) to increase the state's solar energy development goal from 3,750 megawatts to 6,500 megawatts and extend the target deadline from 2026 to 2035. It maintains the existing system where solar energy producers earn SREC-II certificates for each megawatt-hour generated, which can be sold to utilities to meet renewable energy requirements. The policy directly affects solar developers, property owners with solar installations, and utilities required to comply with renewable energy standards. The change aims to accelerate solar adoption by providing long-term certainty for projects through 2035.

Issues: ✓ Energy

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2026 Last action Feb 12, 2026

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What changed between versions

Introduced → Reprint · 3 edits

MINOR

The SREC-II program's solar generation goal was restructured from a cumulative target of 6,500 megawatts by 2035 to an annual target of 750 megawatts per year until 2035, making the obligation recurring rather than one-time. The bill also corrects the name of a referenced statute from 'Energy Discount and Energy Competition Act' to 'Electric Discount and Energy Competition Act.' These changes reflect committee amendments reported on February 12, 2026.

Scope change

The program's scope shifted from a fixed cumulative capacity target (6,500 MW total by 2035) to a recurring annual production floor (750 MW per year through 2035), effectively requiring sustained solar development each year rather than allowing front-loaded or back-loaded deployment.

SCOPE

The SREC-II program goal changed from a cumulative total of at least 6,500 megawatts of new solar generation by 2035 to an annual requirement of at least 750 megawatts per year until 2035. This shifts the obligation from hitting a single endpoint to maintaining consistent yearly output, which is more demanding over time.

TECHNICAL

The referenced statute name was corrected from 'Energy Discount and Energy Competition Act' to 'Electric Discount and Energy Competition Act,' fixing an inaccuracy in the cross-reference.

The legislative Statement section summarizing the bill's purpose was removed, which is standard when a bill advances to reprint status after committee action.

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Full legislative history

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Committee

Feb 12, 2026

Committee

Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee

lower

Jan 13, 2026

Introduced

Introduced, Referred to Assembly Telecommunications and Utilities Committee

lower

2 primary · 0 co-sponsors