12 Sep '11, 5pm

State of the Week: New Jersey via @greentechmedia #solar

State of the Week: New Jersey via @greentechmedia #solar

New Jersey was arguably the strongest major state market in the U.S. in 2010, growing the fastest of the major markets with yearly installations increasing 139 percent to 137 megawatts. Second only to California, New Jersey had a total installed capacity of approximately 260 megawatts, with 112.6 megawatts coming from non-residential installations, 19.7 megawatts from residential, and 4.8 megawatts from utility at year end. Unlike other major markets, New Jersey’s status in the U.S. PV market is influenced by political will and extensive renewable energy policy rather than abundant solar resources. The solar renewable energy credit (SREC) market in the state drives a significant amount of capacity installation. The credits are created through a renewable portfolio standard (RPS) which requires that a certain amount of energy generated in the state comes from solar. The pri...

Full article: http://www.greentechmedia.com/articles/read/State-of-the-...

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