The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

New Jersey Needs to Keep its Solar Leadership

The state of New Jersey, my adopted home, is known for a lot of things: bad reality TV shows, high taxes and most EPA Superfund sites per square mile, to name a few.

However, New Jersey also has an outstanding record in the development of solar photovoltaic (PV) electricity, the fastest growing alternative energy source in the U.S. – and most people don’t know about it.  Today, despite being such a small state, New Jersey has more solar power generating capacity than any other state besides California. 

In 1999, New Jersey’s state legislature passed a bill calling for a Renewable Portfolio Standard. Since then, largely through the work of electrical engineer-turned politician Upendra Chivukula and other state legislators, the laws have been strengthened and created the market-based solar energy production incentive known as SREC’s in 2004-2005. SREC’s are now being used in at least seven other states to boost solar development. However, New Jersey still maintains the most attractive market for deployment of solar energy in the country because of the ambitious RPS and commands the highest SREC prices in the country. 

It’s estimated that over 3,000 jobs have been created in the state by the solar industry – and job growth will be 27% this year.  There are now more solar jobs in New Jersey than in traditional power generation. 

With a sputtering economy and high unemployment, it would seem that the continued expansion of the solar industry in New Jersey is not only good environmentally, but also critical to the economic recovery. 

Unfortunately, some uncertainty has entered the marketplace because our current governor is in the process of “revisiting” the state’s Energy Master Plan.  This document lays out the strategy for providing energy in the state over the next two decades, including the RPS mandate, and is undoubtedly what caused many entrepreneurs to enter the solar business, as well as many customers to invest in solar power systems.  Any significant reductions in the RPS would create disarray in the marketplace and certainly undo the momentum in the industry.

Governor Christie, who took office only a year ago, is expected to announce his proposed revisions to the Energy Master Plan soon.  It’ll be interesting to see if he continues the New Jersey legacy of leading the way in fostering solar power or reverses course and lets another state take the mantle. 

I certainly hope that for the sake of our environment and our economy, we don’t reverse course and lose the momentum we have built up. Nothing kills a market like uncertainty and instability.  If we can stay the course and show ratepayers and solar businesses the state is serious about creating a stable market, we’ll be able to retain our lead. Let’s hope the Governor does the right thing.

Untitled Document

RELATED ARTICLES

Solar Beats Gas in Colorado

Christopher Martin, Bloomberg SunEdison Inc., the biggest clean-energy developer, began construction on a Colorado solar farm that will be the larg...

Listen Up: Solar Advice from Pat Redgate at Ameco Solar

The Energy Show on Renewable Energy World Technologies, companies and business models in the solar industry come and go. But even in the relatively new solar i...

Six Observations about the US Solar Industry Mid-2015

Paula Mints In the U.S. mid-2015, deployment of solar technologies into all applications is at a pivotal point with several facto...

Indian Solar Market Ready to Takeoff

Renewable Energy World Editors Mercom Capital Group, a global clean energy communications and research firm, released its quarterly update on the In...

PRESS RELEASES

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

Early Bird Registration Deadline for GRC Annual Meeting is This Week

The deadline for early-bird rates for registration for the biggest annual geothermal ev...

Redesigned HydroWorld.com Video Gallery

Hydropower news and information, and interesting promotional announcements are now avai...

FEATURED BLOGS

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

The Coming Multi-trillion Dollar Energy Investment Drive

In coming years, a multi-trillion dollar low-emission energy investment drive will get underway. Three catalysts wil...

The Perfect Elevator Pitch

The elevator pitch is a concise statement that grabs attention and communicates value, ideally leading to a next step...

FINANCIAL NEWS

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

International Energy and Sustainability Conference 2015

The fourth International Energy and Sustainability Conference will be he...

Intersolar North America 2016

Exhibition: July 12 - 14, 2016; Conference: July 11 - 13, 2016 Intersola...

Intersolar South America 2015

Exhibition and Conference: September 1-3, 2015 Intersolar South America ...

COMPANY BLOGS

Be Like The Personal Trainer

Most people think sales is all about forming strong relationships with p...

7 Tips For Capturing Attention

When you’re giving a presentation or pitching a sale, you’re...

A Mind Trick For Call Reluctance

The more you think of yourself as the connection between a product or se...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS