New Jersey Legislature Raises State’s Solar Energy Goal, Incentivizing Growth in Jobs and Clean Power
Tuesday, Jan 09 2018
WASHINGTON, D.C. - Today, the Solar Energy Industries Association (SEIA) commended the New Jersey Legislature for passing Senate Bill 2276, which raises the state’s solar energy goal and will enable the state’s solar industry and its 6,000-strong workforce to keep growing.
New Jersey’s solar market is at risk of coming to a halt in mid-2018 after the state meets its renewable portfolio standard (RPS), which it’s on track to do by May 2018, a full decade ahead of schedule. The bill updates New Jersey’s RPS goal to require 5.3 percent of the state’s electricity to come from solar by 2022, up from 4.1 percent.
Following is a statement from Sean Gallagher, SEIA’s vice president of state affairs:
“The legislation approved this week provides a crucial short-term fix that will enable the state’s solar industry to keep growing and adding jobs, while the state works on an even more ambitious long term plan.
“The New Jersey solar market supports 6,000 jobs and is delivering economic and environmental benefits throughout the state, making it a national leader. This legislation is critically important for preserving that growth.
“We thank Senator Bob Smith and Assemblyman Wayne DeAngelo for leading this effort, and we urge Governor Christie to sign this bill as soon as possible to help New Jersey’s strong solar momentum continue.”
SEIA will work with the New Jersey Board of Public Utilities, the new administration and other stakeholders to develop a long-term solar strategy for the state, including a successor for its Solar Renewable Energy Certificates program, part of New Jersey’s ongoing energy master plan process.
According to SEIA/GTM Research’s U.S. Solar Market Insight report, New Jersey is currently the 5th largest solar state in the nation with 2,234 megawatts of cumulative solar capacity installed.
Celebrating its 43rd anniversary in 2017, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 260,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
Alex Hobson, SEIA Senior Communications Manager, [email protected] (202) 556-2886