BPU debuts solar transition plan to help ease costs for utility customers

Solar installation on commercial rooftop in Secaucus NJ

TOM JOHNSON / NJ SPOTLIGHT – The state has adopted a much-debated plan to help the solar sector transition to a new way of financing solar projects, an overhaul the Murphy administration hopes will rein in costs to utility customers who pay for the program.

The plan, the first step to scrapping a decade-old system of subsidizing solar projects, has met a mixed reception from solar developers who have helped build a robust solar industry in New Jersey. The industry employs about 7,000 people, and homes and businesses have installed a total of 117,893 solar arrays.

But the state Board of Public Utilities’ vote to approve the new program will allow the agency and solar advocates to focus on designing a more permanent program in which the sector can continue to thrive using a less expensive system. Ratepayers have been hit with $2.6 billion in subsidies since the program began about a decade ago …

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