26 Jun '12, 8pm

Did the New Jersey Legislature just save the state's #solar market? #energy #renewables

The New Jersey State Assembly has passed a bill that would increase the state's solar energy requirements under its renewable portfolio standard (RPS) program, as well as allow additional facilities to qualify for virtual net metering. The State Senate passed an earlier version of the bill last month by a vote of 23-8, and a modified version cleared the State Assembly Monday by a vote of 68-4. Under the bill, utilities would be required to obtain 2.05% of their electricity sales from solar by 2014 - a mandate that would be ramped up on a tiered basis to 4.10% by 2028. New Jersey’s current RPS requires that each utility obtain 22.5% of its power from renewables by 2021, and features a tiered solar carve-out of 306 GWh beginning in 2011 and increasing to 5,316 GWh by 2026. While the federal Section 1603 program and other incentives were in place, New Jersey actually surpasse...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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