11 Sep '18, 1am

Community solar pilot program could create millions of dollars in economic benefit for New Jersey

The study analyzes the economic impact of community solar and finds that a robust pilot program could create significant job and economic growth across the state. The report looked at the impact of a 450 MW community solar pilot program implemented over a three-year period, and found that New Jersey could expect the following economic benefits: 1,778 sustained full-time jobs during construction and an additional 41 sustained full time jobs associated with operations and maintenance. $414.7 million in earnings for those employed. $797.9 million in local economic benefits for the state, excepting local tax revenues. $3.3 million from property tax revenues in the first year alone. Governor Murphy and the New Jersey legislature recently passed legislation, enabling community solar, that requires the implementation of a three-year pilot program and the establishment of a perman...

Full article: https://www.renewableenergymagazine.com/pv_solar/communit...

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