>
No easy solutions for the solar sector
The solar sector yesterday won long-sought backing from the legislature for a bill that would ramp up the installation of solar systems in New Jersey, but it probably amounts to a Pyrrhic victory.
The legislation (S-2371), which is in position to be approved by both houses on the final day of the lame duck session on Monday, probably will not be signed by Gov. Chris Christie — even if it passes both houses — according to proponents and opponents.
If that happens, it leaves the solar sector without a clear answer as to how the state will stabilize an industry that has witnessed one of the primary means of financing solar installations — credits earned by owners of solar systems for the electricity they produce — drop dramatically in price over the past six months, a decline some fear could lead to a collapse of the sector. (Johnson, NJ Spotlight)