N.J. surpasses California as largest commercial solar market
New Jersey has now moved ahead of California to become the nation’s largest commercial solar market.
However, there are concerns about how long the state can maintain that ranking.
A federal grant program for solar installations is scheduled to expire at the end of the year. Dennis Wilson, president of Mid-Atlantic Solar Energy Industries Association, said Thursday that could slow New Jersey’s solar market.
The pace of solar installation is exceeding the minimum needed to meet the state’s renewable energy standard. Wilson said that’s also affecting the market and deterring solar investment.
“When there’s much lower prices and uncertainty going forward, it makes it much more difficult to finance projects because there isn’t any certainty in terms of what the return on investment will be,” said Wilson.
Because of a backlog of projects already under way or in the pipeline, Wilson anticipates robust solar construction in New Jersey at least until the middle of next year.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
New Jersey’s gas tax climbing by nearly 3 cents starting New Year’s Day
Gov. Phil Murphy’s administration said Monday the state’s gas tax will climb about 6% to 44.9 cents a gallon.
2 hours ago
Rowan’s Edelman Fossil Park and Museum will open in March 2025
After more than a decade of planning, and three years of construction, the fossil park and museum will open near where a dinosaur was discovered in the 1860s.
2 days ago
Listen 1:05
Suspect arrested after man assaulted outside home in Middle Twp., New Jersey
Middle Township Police Department said Friday its Major Crimes Unit identified the suspect and made an arrest. The person's name has not been released.
3 days ago