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Is New Jersey’s latest solar incentive bill too baller?

A recently passed solar incentive bill to promote residential solar in New Jersey and cut down on grid congestion has recently come under fire for being too generous.

New Jersey Rate Counsel DIrector Stefanie Brand critiqued Bill A441 for being “too rich” insofar that it offers large payouts to homeowners for making the switch to solar.

Bill A441, which the New Jersey Assembly Telecommunications and Utilities Committee voted in favor of this January, offers up to 15% reimbursement on residential solar arrays to homeowners in certain areas of the state.

The bill designates five strategic zones in New Jersey that would benefit from reduced grid congestion if more people installed solar panels on their roof.

“Families choosing to use solar panels are cutting energy costs, and most importantly, moving the state toward a greener, more environmentally responsible future,’’ the NJSpotLight quoted Assemblyman Tim Eustace (D-Bergen), the bill’s sponsor.

In the past, electrical congestion in New Jersey ended up costing consumers up to $1 billion. If the bill passes, it will seek to reduce such congestion and forgo having foot New Jersey constituents with the bill of installing more power-lines by encouraging enough people in the congested areas to switch to solar.

Author: Harold Tan

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