Compromise bill could help ease fears of collapse in solar sector, ratepayers pick up the tab
The Legislature yesterday approved a fix to prop up the state’s solar market, with both the Assembly and the Senate easily passing a compromise bill that aims to speed up a mandate requiring how much of New Jersey’s electricity should come from solar systems.
The bill (A-2966), the subject of intense lobbying by the solar sector through this past weekend, ends a six-month effort by the industry to get legislation passed to avert what some fear could be a collapse in new investments in the technology in New Jersey. Gov. Chris Christie has said he will sign the bill. (Johnson, NJ Spotlight)