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Is the solar sector headed for a fall?
New Jersey’s solar industry is thriving, so much so that it may undermine the business model designed to ensure its success.
In fact, that industry executives yesterday called on the state to take steps to deal with an oversupply of solar renewable energy certificates (SRECs), the primary means of financing projects large and small.
The glut of solar projects — there now are more than 10,000 statewide, although not all earning credits—has led to a precipitous drop in the price of SRECs, a trend worrisome to industry lobbyists. They argue that the drop, if it continues, poses a risk of undermining New Jersey’s aggressive efforts to promote the clean energy technology. (Johnson, NJ Spotlight)