The New Solar Legislation and Its Impact on New Jersey's Solar Market

07.25.2012

Author: Cynthia L. M. Holland, Esq. On Monday, July 23, 2012, Governor Christie signed into law S1925/A2966.  The new law's primary objective is to provide stability to the solar market by increasing the solar renewable portfolio standard. The legislation will also affect the market in other ways. The law will allow public entities to receive a new solar incentive, called net metering aggregation. The new law will also require solar developers, who were previously exempt, to pay construction workers the prevailing wage and benefit rate. GBGW offers its perspective on the new bill in three articles:
  • Governor Signs New Law; Modifies the Renewable Portfolio Standard ("RPS") [View Article]
  • A New Hitch for Solar:  SRECs Trigger the Prevailing Wage Rate [View Article]
  • Net Metering Aggregation for Public Entities [View Article]
For more information contact Cynthia L. M. Holland, Esq. in the Commercial Real Estate, Redevelopment and Environmental Law Practice Group and Intellectual Property Law Practice Group at cholland@genovaburns.com or (973) 533-0777.