26 Jun '12, 6pm

New Jersey’s Solar “Resurrection Bill” Passes: New Jersey edged out California in the first quarter of this ye...

New Jersey’s Solar “Resurrection Bill” Passes: New Jersey edged out California in the first quarter of this ye...

"This legislation was critical for the sustainability and continued growth of New Jersey's solar industry and the job creation that it brings," said Jamie Hahn, managing director of N.J.-based Solis Partners , a provider of commercial solar power systems in New Jersey. "Perhaps the most crucial part of the bill is the acceleration of the state's Renewable Portfolio Standard [RPS], which will help absorb the current oversupply of SRECs in the market and create a more modest demand for further solar development. This will help stabilize the solar industry and put more people to work." "There are two facts that everyone should keep in mind when discussing the solar market in New Jersey," said Stacey Hughes, CFO of SunLight General Capital , a solar energy developer and financer of projects throughout the Northeast. "One, New Jersey is the second largest solar market in the na...

Full article: http://www.greentechmedia.com/articles/read/New-Jerseys-S...

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