Establishes "Solar Roof Installation Warranty Program" in EDA and transfers $2 million from societal benefits charge to initially fund program.
This bill creates a "Solar Roof Installation Warranty Program" within New Jersey's Economic Development Authority (EDA). It directly affects businesses installing solar energy systems in commercial or industrial buildings by providing the EDA with authority to guarantee up to 90% of loans for these installations. The program is initially funded by transferring $2 million from the state's societal benefits charge. The EDA will administer the warranty program to support solar roof projects, with the funding mechanism and loan guarantee structure specified in the amended statute.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
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Full legislative history
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Total actions
1
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0
Committee
0
Jan 13, 2026
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bob Smith
DDemocratic
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