Governor Christie signed Assembly bill A2966 into law this week to diversify New Jersey's energy supply and encourage the solar industry's role in energy production. Renewable energy advocates hope that more states will adopt more aggressive legislation like this to address oversupplies of solar renewable energy credits, stabilize solar markets and incentivize the infant renewable energy industry. According to the Solar Energy Industries Association (SEIA), this particular legislation will address:
1. Accelerate the Solar RPS requirement
2. Reduce the solar alternative compliance payment
3. Defines program eligibility for grid-connected projects
4. Establishes SREC program eligibility for grid-connected projects
5. Promotes development of projects located on brownfields and landfills
6. Authorizes aggregated net metering for certain public entities
7. Extends the shelf life of SREC's
Read more about this legislation and the issues it will specifically address in this article on the SEIA's website.
1. Accelerate the Solar RPS requirement
2. Reduce the solar alternative compliance payment
3. Defines program eligibility for grid-connected projects
4. Establishes SREC program eligibility for grid-connected projects
5. Promotes development of projects located on brownfields and landfills
6. Authorizes aggregated net metering for certain public entities
7. Extends the shelf life of SREC's
Read more about this legislation and the issues it will specifically address in this article on the SEIA's website.
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