A 3659
Requires electric public utilities to establish interest-free revolving loan program to help residential customers purchase standby emergency power generators.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires New Jersey’s electric public utilities to create an interest-free revolving loan program to help residential customers purchase standby emergency power generators. The program would offer loans up to $8,000 per generator, with repayment terms determined by the Board of Public Utilities. Customers participating in the program would also be subject to an ‘energy resilience fee’ to cover the program’s costs, which would be separately itemized on their utility bills. The utility would not be subject to financial institution regulations related to the loan program.
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