News from Trenton about legislative efforts to stabilize NJ’s sinking solar sector.
On June 4, the NJ Senate passed a bill of measures to stabilize the NJ solar market.
Despite deep divisions about many aspects of the bill among the widely diverse solar industry, there is a general consensus that a compromise must be signed by Gov. Chris Christie shortly after the budget is signed. If nothing else, it would send a signal to investors and industry executives that New Jersey is not going to scale back its efforts to promote solar.
Sensing the breeze, NJ Utilities have signed on to support the measure.
In a bit of a surprise, all four electric utilities in New Jersey plan to participate in an extension of a program aimed at promoting the installation of new solar systems on homes and businesses in the state.
But at least one trade group is crying foul, claiming that legislative fixes would unfairly advantage utility players and will cost taxpayers money.
With a crucial vote on a new bill to prop up the solar industry in New Jersey possible as early tomorrow, a trade group yesterday warned it could cost consumers at least $300 million annually, and possibly as much as $400 million.
The Retail Energy Supply Association, an organization whose members provide electricity to residents and businesses who shop around for cheaper prices than what their incumbent utilities offer, is seeking amendments to a bill (A-2966) scheduled to be heard by the Assembly Telecommunications and Utilities Committee on Thursday.
Now it’s on to the Assembly on Thursday June 7.