09 Jun '11, 6am

New Jersey and Pennsylvania Solar Renewable Energy Credit Markets Choking to Death

Unfortunately, solar industry experts say that the SREC market may remain over-saturated for years unless state governments step in to accelerate the annual increases for solar-power mandates. In addition, other measures, such as in Pennsylvania to ban out-of-state projects from selling their credits to Pennsylvania utilities, are being debated as well to help prop up the local SREC market. This may be easier that it sounds as conventional power producers and big industrial electrical customers, are expect to resist and campaign against any efforts to boost solar markets particularly at their expense. However, without government help, Pennsylvania and New Jersey solar may end up being a victim of their own success and set back their rise of solar power in these states for years.

Full article: http://cleantechnica.com/2011/06/09/new-jersey-and-pennsy...

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