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Diversity Key to State’s Energy Plan

MANASQUAN, NJ-But don't look for solar development to stop anytime soon. New Jersey's SREC program is widely credited with making the state a leader in solar power adoption.

By Debra Hazel | Updated on February 18, 2011

MANASQUAN, NJ-Recent reports that New Jersey will shift its focus from subsidizing residential solar projects to commercial developments and gas power plants actually is a positive, say solar energy experts, who applaud diversifying the state’s energy sources.

Published reports say that the state will issue a revised 10-year energy master plan in the next month and also turn the Societal Benefits Charge, a fee on utility bills that goes to solar grants and rebates, into a loan program. But that shouldn’t be a problem for the solar energy business.

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