The market that New Jersey officials set up to subsidize solar energy needs a rescue or there will be disastrous layoffs in the industry, business leaders, politicians and regulators say.
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The township is putting the finishing touches on a solar panel array designed to power almost all of the Branchburg municipal building on Route 202 — a project officials say could drop energy costs by at least $5,000 a month.
Saudi Arabia is seeking investors for a $109 billion plan to create a solar industry that generates a third of the nation’s electricity by 2032, according to officials at the agency developing the plan.
Jay Nuzzi, a New Jersey state trooper, had put off installing solar panels on his home here for years, deterred by the $70,000 it could cost. Then on a trip to Home Depot, he stumbled across a booth for Roof Diagnostics, which offered him a solar system at a price he couldn't refuse: free.
President Obama is urging Congress to extend tax breaks for wind power projects that are slated to expire at year's end and expand stimulus-law tax incentives for manufacturing green energy components.