29 May '13, 6pm

#Solar Industry Applauds New Jersey BPU’s Decision to Expand PSE&G Solar Programs @SEIA

WASHINGTON, DC – The Solar Energy Industries Association (SEIA) today applauded two decisions by the New Jersey Board of Public Utilities (BPU) that will help to expand solar energy development within the state. The BPU voted to expand two existing solar programs by Public Service Electric and Gas Company (PSE&G) – the Solar Loan III program and the Solar 4 All Extension program. These two programs will support long-term contracts and development on landfills and brownfields. Through its Solar Loan III program, PSE&G will provide up to $193 million in loans for 97.5 megawatts (MW) of new solar systems throughout its service territory. The Solar Loan III program promotes stability within the SREC market by providing 10-year loans for Solar Renewable Energy Credits (SRECs) produced by solar systems – terms which are largely absent from a market dominated by spot transactions...

Full article: http://www.seia.org/news/solar-industry-applauds-new-jers...

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