New Jersey Legislature Raises State’s Solar Energy Goal, Incentivizing Growth in Jobs and Clean Power
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.
WASHINGTON, D.C. - Today, the New Jersey Board of Public Utilities kicks off a week of hearings on the state of the New Jersey solar market. The Solar Energy Industries Association (SEIA) is participating in the stakeholder proceeding and spoke on the importance of enacting new solar legislation for the long term. Following is a statement from Sean Gallagher, SEIA’s vice president of state affairs:
If approved and signed into law by Gov. Chris Christie, bipartisan legislation approved this week by the New Jersey Legislature will help to keep New Jersey solar installations on track for 2015. The state is projected to add nearly 300 megawatts (MW) of new installed solar capacity, according to the recently released U.S. Solar Market Insight Report compiled by GTM Research and the Solar Energy Industries Association (SEIA).
WASHINGTON, DC – Showing growth in all solar sectors, New Jersey had the sixth most new solar capacity added last year in the nation, according to the recently-released U.S. Solar Market Insight 2014 Year in Review. The state also maintained its Top 3 ranking in total installed capacity, finishing the year behind only California and Arizona.
*/ SEIA's Comments regarding New Jersey's Solar Energy Advancement And Fair Competition Act (SEAFCA) were submitted on November 23, 2012.
New Jersey Governor Chris Christie (R) today signed legislation into law that allows the state's solar energy market to continue growing and creating good jobs in N.J. over the next several years. The legislation, S1925/A2966, addresses the current imbalance of Solar Renewable Energy Credits (SRECs), which created uncertainty in the market for project developers and end users.
This legislation addresses the current oversupply of N.J. solar renewable energy credits (SRECs), brings stability back to the N.J. solar market, and keeps the N.J. solar industry growing over the next several years.