- 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.
- Forbes calls New Jersey ‘The United States’ Hottest Clean Energy Economy’
Now part of an exclusive ‘50×30’ club, New Jersey sits among the highest-ranking states in the renewable energy industry. Other ‘50×30’ members are New York, Hawaii, California, and Vermont, all of which require 50% renewable energy by 2030.