24 Jul '12, 1am

How will New Jersey's new #solar legislation affect demand in the state? Our analysis of A2966 walks you through it:

How will New Jersey's new #solar legislation affect demand in the state? Our analysis of A2966 walks you through it:

By signing Assembly bill A2966 into law, Governor Christie joined the New Jersey legislature in recognizing the importance of the solar industry’s role in diversifying New Jersey’s energy mix and boosting its economy. This legislation addresses the current oversupply of N.J. solar renewable energy credits (SRECs), brings stability back to the N.J. solar market, and keeps the N.J. solar industry growing over the next several years. SEIA worked tirelessly with various stakeholders to shape and move this legislation from concept to law. This legislation affects core elements of the N.J. SREC program in several ways. Accelerates the Solar RPS requirement. The new law accelerates the solar renewable portfolio standard (SRPS) by approximately 4 years. Due to declining costs and the attractive investment environment in the N.J. market, solar development out-paced anticipated dema...

Full article: http://www.seia.org/news/new-jersey-passes-legislation-st...

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