New Jersey

The future of renewable energy is a growing topic in New Jersey. Earlier this year the legislature implemented deals and policies geared towards advancing solar energy production. Although not known to be the sunniest state in the nation, New Jersey has been an early solar leader and the state’s solar potential is widely discussed. It currently sits in the #5 spot amongst the highest solar producing states and has completed several high scale solar projects over the past several years.

Solar Energy News

Current and Recent Initiatives
  • New Jersey Seals the Deal on Its Renewable Portfolio Standard (RPS)
    Earlier this year, the New Jersey legislature passed a bill which increases the state’s RPS. Bill A3723 requires 50% of New Jersey’s energy to come from renewable sources by 2030. The bill also schedules the closure of the state’s Solar Renewable Energy Credit (SREC) program in 2021, and directs regulators to being a process to come up with a new program to support distributed solar, and an “orderly transition” from SRECs.