Bright Future for Solar Developers in New Jersey? Only If They Act Fast

The New Jersey Board of Public Utilities established a Successor Solar Incentive Program that provides new, reduced incentives to developers of solar generation projects compared to past incentive programs. The new program limits the number of solar incentives available each year to developers of projects smaller than 5 megawatts, so interested developers should move quickly. In addition to the annual limits, the value of the available incentives will be reduced over time, giving an advantage to early movers.

To read the full text of this Alert by Duane Morris attorneys Phyllis Kessler and Patrick Dinnin, please visit the Firm website.

New Jersey BPU awards 165 MW of Community Solar in Yr 2 of Pilot Program

On October 28, 2021, the New Jersey Board of Public Utilities (“BPU”) approved 105 applications under New Jersey’s Community Solar Energy Pilot Program.  The applications and awards will create 165 megawatts of clean energy – enough energy to power approximately 33,000 homes – available to low-to-moderate income and historically underserved communities. Year 2 of the pilot program represented a significant increase in the amount of power generated (i.e., from 78 MW to 165 MW) and the number of applications seeking to install community solar.

To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.

© 2009- Duane Morris LLP. Duane Morris is a registered service mark of Duane Morris LLP.

The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

Proudly powered by WordPress