TRENTON – The Assembly Environment and Solid Waste Committee unanimously released a bill Monday that would include geothermal heat pumps in the classification of Class 1 Renewable Energy, enabling participants to receive more financial incentives or credits.
The prior definition only covered electric energy produced from solar technologies, photovoltaic technologies, and wind energy, among others.
However, with the passage of A3806, Class 1 would include “energy produced from qualified geothermal heat pumps, provided that the percentage of renewable energy generated by a geothermal heat pump, in order to be deemed qualified, shall be determined by the Department of Environmental Protection, in consultation with the Board of Public Utilities,” the resolution states.
Assemblywoman Linda Stender, (D-22), Scotch Plains, spoke favorably of the bill before the committee.
Applicants of such projects could receive additional renewable energy certificates as a result and could also reduce the use of fossil fuels.
“It just adds to our portfolio,” she said.
Jeff Tittel of the N.J. Sierra Club said the upfront costs could be recouped in as early as 10 or 15 years.