New Jersey Solar Lease Options

Solar leasing is a relatively new method of obtaining the benefits of off-grid power generation without the large and, in many cases, prohibitive initial investment. Purchasing and installing a new residential solar system can easily require a five-figure investment. Even with federal and state tax incentives and rebate offers, laying out that type of up-front […]

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Why has New Jersey become a leader in solar in the US?

Implementation of New Jersey solar power has the state as one of the leading in the nation for it’s solar energy usage. The state’s implementation of a Renewable Portfolio Standard obligates electricity suppliers to produce a portion of their energy from renewable energy sources. The RPS mandates 22.5 percent of New Jersey’s energy be derived […]

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New Jersey Enacts Bill to Help Save Solar

On July 23rd, 2012 New Jersey’s governor Chris Christie signed S1925, new legislation that is helping to prop up the state’s solar energy market. New Jersey, the second largest solar state in the U.S., has largely been successful as a result of solar renewable energy credits (SRECs). An SREC represents 1 megawatt-hour of electricity generated […]

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A Break in the Clouds? Inside New Jersey’s SREC Legislation

On June 25, 2012, S1925/A2966, now aligned, passed the New Jersey Senate and House. Next, the bill needs to be signed into law by the Governor, which given his recent public support is expected to be completed within the next couple weeks. The bill, which attempts to address the state’s SREC oversupply, adjusts the Renewable […]

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Proposed New Jersey Solar Bill May Not Solve SREC Woes

Senators Bob Smith and Stephen Sweeny recently introduced New Jersey Senate Bill 1925. The bill proposes to amend New Jersey’s current solar Renewable Portfolio Standard (RPS) requirements in an attempt to help stabilize the oversupplied SREC market. The bill is currently in draft form and is scheduled to be heard Read More: Proposed New Jersey Solar Bill May Not Solve SREC Woes

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