New Jersey

New HampshireNew Jersey is the leading example for how pro-renewable policies can foster a thriving industry in states without exceptional clean energy potential. The fourth smallest state in the U.S. has only average solar potential, but that hasn’t stopped it from adding the third-most solar energy capacity in the U.S.1

Source:
National Renewable Energy Laboratory, December 2014
http://1.usa.gov/1MmcVlh
Backed by a supportive net-metering policy, a renewable portfolio standard with a solar carve-out, solar renewable energy credits, and sales tax exemptions for solar energy equipment,2 the solar industry supported 7,200 jobs and 509 solar companies in New Jersey last year.3
Source:
Solar Energy Industries Association
http://bit.ly/1CS8E8s


New Jersey has also long been considered a leader in offshore wind policy, although recent developments have cast doubt on the future of offshore wind in the state. In 2010, Governor Chris Christie signed the Offshore Wind Economic Development Act, legislation that provided financial support and tax incentives for offshore wind projects.4
Source:
Newark Star-Ledger, August 2010
http://bit.ly/1Cs5Xdl
The bill also mandated that New Jersey connect 1,100 megawatts of offshore wind power to the grid by 2021.5
Source:
DSIRE, March 2013
http://bit.ly/1byoIBQ


A pilot installation off the coast of Atlantic City was set to create 500 jobs in South Jersey and establish New Jersey as the nation’s hub for offshore wind energy.6
Source:
South Jersey Times, October 2014
http://bit.ly/1rgY5B9
But the Board of Public Utilities has consistently blocked the project from moving forward, and its future is unclear.7
Source:
Bloomberg, November 2014
http://bloom.bg/1CS9t16


Learn more about energy in New Jersey with ACORE’s Renewable Energy in the 50 States.


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