Solar power subsidies drop in New Jersey
Some electricity users are growing concerned in New Jersey about its solar industry.
The Press of Atlantic City reports owners of solar systems have seen a drop in the incentive, from $600 for each 1,000 kilowatts of generating capacity to less than $200.
The state’s growth of solar energy production could be at stake, because the incentive for businesses and homeowners to install solar energy has fallen significantly in the past three months, according to the Press of Atlantic City.
A bill has been proposed to increase the subsidies. The Press of Atlantic City says with the reduced subsidy, businesses and homeowners will take years longer to recoup the cost of the systems.
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