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Credit: (AP Photo/Julio Cortez)
File photo: Rooftop solar panels at Newark Liberty International Airport
State regulators on Wednesday formally adopted a new solar incentive program with the aim of developing 3,750 megawatts of new solar generation by 2026, a target that would double New Jersey’s solar capacity.
New Jersey Board of Public Utilities President Joseph Fiordaliso described the new program, approved after three years of discussion and debate with executives in the solar sector, as a monumental change and one that will help advance the Murphy’s administration’s goal of 100% clean energy by mid-century.
Solar energy is one of the cornerstones of that strategy and projected to provide 34% of New Jersey’s electricity by 2050. Once the new program is fully implemented, solar energy is expected to generate roughly 10% of New Jersey’s electricity needs, up from a little more than 5% currently.
Credit: (AP Photo/Mike Derer)
An array of solar panels on the roof of the Meadowlands Exposition Center in Secaucus, NJ.
New Jersey’s solar program is thriving and will continue to grow even as the state restructures the financial incentives for developers who build new installations, officials from the state Board of Public Utilities say.
‘We believe we are on track to meet the solar energy goals in the Energy Master Plan,’’ said BPU President Joseph Fiordaliso, who acknowledged the targets are aggressive. By 2050, the plan envisions New Jersey getting 34% of its electricity from solar. Only 5% of the state’s electricity is provided by solar now.
Rep. Sherrill Joins Energy Secretary Jennifer Granholm, Business Leaders at Clean Energy Business Roundtable July 14, 2021, 6:20 pm | in
Rep. Sherrill Joins Energy Secretary Jennifer Granholm, Business Leaders at Clean Energy Business Roundtable
Discussed Clean Energy Businesses’ Leadership in the Green Economy, Supporting Economic Recovery Through Key Infrastructure Investments
Parsippany, NJ –– Today, Representative Mikie Sherrill (NJ-11) joined Department of Energy Secretary Jennifer Granholm and business leaders from across northern New Jersey at a roundtable discussion on clean energy and the key ways crucial infrastructure investments will fuel the growth of sustainable businesses across the state.
Rep. Sherrill and Secretary Granholm were joined by: