Renewable energy opportunities continue to exist and will likely increase drastically in the future. One of the concerns here in New Jersey is the need to extend, accelerate or expand the Solar Renewable Energy Credit (SREC) opportunities.
What good is low affordable housing when utility costs outweigh the benefits? Faced with the burden of tough economic times, more and more homeowners are looking for ways to cut costs. While some individuals have chosen to cut back, others have chosen to seek out economically advantageous alternatives in affordable housing communities.
The New Jersey Clean Energy Program administered by the New Jersey Board of Public Utilities through its Office of Clean Energy offers a host of financial incentives. Among these is the Pay for Performance Program, which is funded by the societal benefits charge authorized by the New Jersey Electric Discount and Energy Competition Act.
On March 31, 2009, Governor Jon Corzine signed into law new legislation known as the Residential Development Solar Energy Systems Act. (P.L. 2009, c.33) codified at N.J.S.A. 52:27D-141.1, et seq.. The Act requires developers of residential developments containing 25 or more single-family dwelling units to disclose in advertising and offer to install solar energy systems.
A bill that would amend Section 3.1 of the Municipal Land Use Law (P.L. 1975, c.291) codified at N.J.S.A. 40:55D-4, to add to the statute a definition of “inherently beneficial use” was introduced in the Assembly as A3062 on June 23, 2008.