Municipal Energy Audit Release

New Jersey Board of Public Utilities NEWS RELEASE For Immediate Release: Contact: September 29, 2010 Doyal Siddell 973-468-8515 New Jersey Continues Its Success in the Solar Market New Jersey exceeds 200 MW of installed solar capacity TRENTON, N.J. – The New Jersey Board of Public Utilities (NJBPU) today announced that New Jersey has reached 200 MW of solar capacity with more than 6,800 projects statewide. This achievement is the most recent example of New Jersey’s leadership in the renewable energy marketplace. New Jersey’s solar success is credited to the rapid progress it has made in reaching the 200 MW milestone. The state is number two in the nation in terms of grid-connected solar photovoltaic (“PV”) installed capacity. Eight years ago, the state had only six solar installations. Since that time New Jersey has established a model program for solar development, which includes: a strong Renewable Portfolio Standard (RPS) with a solar electric set aside; excellent interconnection and net metering standards that have made it easier for systems to connect to the distribution system; and a Solar Renewable Energy Certificate (SREC) financing model that provides energy credits and additional long term financing for those who invest in solar. “This milestone establishes New Jersey’s position as one of the fastest growing solar energy markets in the country,” said NJBPU President Lee A. Solomon. ...