The New Jersey Board of Public Utilities (BPU) announced today that New Jersey’s installed solar capacity has surpassed 300 MW, and that there are more than 8,000 projects statewide. Solar installations in New Jersey are coming online at an unprecedented rate. Newly installed capacity has averaged 15 MW per month since September 2010. This has increased the supply of Solar Renewable Energy Certificates (SREC) eligible for use in meeting New Jersey’s Renewable Portfolio Standards (RPS).
Through March 2011, New Jersey has a total of 305 MW of solar renewable energy capacity installed as a result of incentives available through New Jersey’s Clean Energy Program, net metering and interconnection regulations, RPS regulations, and the SREC financing model. The amount of solar capacity installed in 2010 exceeded the cumulative amount of solar installed since the beginning of the clean energy incentive programs in 2001.
“New Jersey continues to be at the forefront of the solar industry,” said BPU President Lee A. Solomon. “As the SREC market continues to grow, New Jersey will ensure that there is transparency and certainty for businesses in the renewable energy market.”
Over 10 MW of this 305 MW is located right here in the Meadowlands District.
To read the more please visit: www.NJCleanEnergy.com
According to the Solar Energy Industries Association, the Top 10 U.S. States for cumulative installed solar capacity as of 2010 are:
1. California: 47 percent with 971 megawatts
2. New Jersey: 14 percent with 293 MW
3. Colorado: 5 percent with 108 MW
4. Arizona: 5 percent with 101 MW
5. Nevada: 5 percent with 97 MW
6. Florida: 4 percent with 73 MW
7. New York: 3 percent with 54 MW
8. Pennsylvania: 3 percent with 54 MW
9. New Mexico: 2 percent with 45 MW
10. North Carolina: 2 percent with 42 MW








