The Solar Act of 2012 P.L. 2012, c.24 amended certain aspects of the statute that governs the generation, interconnection and financing of renewable energy and mandated that 4.1% of electricity sales must come from solar by 2028, which was updated to be 5.1% by 2021 in the 2018 Clean Energy Act. As of 2022, NJ got roughly 8% of its electric generation from solar energy. The Solar Act requires the New Jersey Board of Public Utilities (BPU) to conduct proceedings to establish new standards and to develop new programs to implement the Act’s overall goals to stabilize the Solar Renewable Energy Credits market and continue growth in the solar industry.
Compared to fossil fuel-based energy sources such as coal, gas, oil and nuclear, solar power and other renewable energy sources do not have a finite reserves. They are just as available as the sun from which they originate and adapt to natural cycles, hence their name “renewables”. This makes solar an essential element in transitioning to a cleaner power sector, healthier environment and improved public health. More information about Solar Energy in NJ can be Found HERE
ANJEC Webinar on Solar:
Shining the Light on Community Solar: A Municipal Perspective (2024)