New Jersey Announces Milestone for Installed Solar Energy for 2016.
January 23, 2017
Today the New Jersey Board of Public Utilities announces that New Jersey's solar industry has reached a significant milestone in surpassing 2 gigawatts (GW) of installed solar energy capacity. As detailed in the year-end New Jersey Solar Installation Report, which was released and posted today on the NJ’s Clean Energy Program website (linked below), New Jersey has more than 2,003 MW (2 GW) of solar capacity installed statewide through nearly 66,000 solar projects, as of December 31, 2016. Approximately 94% of all installed solar capacity in New Jersey has been installed during the Christie Administration.
This milestone is an achievement only reached by a few very large states and demonstrates the success of the Solar Act in advancing solar across all market sectors in New Jersey. In fact, 2016’s installed capacity of 353 MW ranks as New Jersey’s second highest year, behind only that of 2012 which had 417 MW of installed capacity. Among the approximate 66,000 solar installations across the Garden State, there are over 60,000 residential, 3,800 commercial, 550 school, and 280 government projects constructed in places such as, rooftops, carports, landfills and brownfields.
New Jersey was recently ranked the second friendliest solar state for 2017 by the solar research and advocacy group Solar Power Rocks. In its newly released United States Solar Power Rankings 2017, Solar Power Rocks praises NJ’s commitment to solar energy, stating “NJ’s solar carve-out is still near the best in the nation.” Another recent report issued by Clean Edge and the Retail Industry Leaders Association ranked New Jersey second nationally in Corporate Onsite Solar Deployment and third nationally in Corporate Clean Energy Procurement. Additionally, New Jersey continues to rank second in the nation for installed solar capacity at the electric distribution system level.
As you may recall, in July 2012, Governor Christie enacted bipartisan legislation that coupled acceleration of the renewable portfolio standard (RPS) for solar energy with a reduction of the solar alternate compliance payment (SACP) levels. The Solar Act has and will continue to help New Jersey's solar industry meet an important goal of Governor Christie's 2011 Energy Master Plan, strengthening the State's solar market and securing the state's place as a national leader in renewable energy. New Jersey is on target to exceed its 22.5% renewable energy standard portfolio by 2021, as outlined in the 2011 Energy Master Plan.
New Jersey's robust and mature SREC market enables a variety of ownership models and types of contracts that make project financing possible for solar developers. Since Governor Christie took office in January 2010, growth in the development of solar capacity in New Jersey has skyrocketed to an increase nearly of 1876 MWdc , a rate of growth of approximately 1,477 %.
Thank you for playing a part of the aforementioned accomplishments achieved in New Jersey.
The December 2016 New Jersey Solar Installation Report is available at: