November 29, 2005 Newark, New Jersey [RenewableEnergyAccess.com] New Jersey already has the most generous solar incentives in the nation, and if new policies are adopted to the state's broad requirements, solar and all renewable energy technologies will stand to gain greatly over the next decade and beyond.
The New Jersey Board of Public Utilities (NJBPU) currently is considering modifications to the state’s existing Renewable Portfolio Standards (RPS). The proposed amendments would increase the state’s RPS percentage of Class 1 (solar, wind, sustainable biomass) to 20 percent by the year 2020 from the current requirement of 4 percent by 2008. The proposal also would require that 2 percent of this amount come from solar electric systems.
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