Controversial new funding plan for solar sector could cause big disruption

solar field, New Jersey, energy

TOM JOHNSON / NJ SPOTLIGHT – The state has revamped a controversial proposal to fund new solar projects in New Jersey, but the changes may not go far enough to quash developers’ concerns that the new incentives could disrupt a good portion of the sector.

The dispute, simmering for months between solar developers and the New Jersey Board of Utilities, stems from a requirement under a 2018 law that the agency end the existing incentives to promote solar, a system many deem too expensive to ratepayers who largely foot the bill.

In making changes to a draft proposal that would transition to a new way of financing solar projects, the agency sought to address concerns that the incentives given to developers under a new system were too low to attract financing from investors, and, in some instances, customers …

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