New Jersey Governor Phil Murphy signed two new energy bills to significantly advance New Jersey’s clean energy economy. Signed into law on May 23rd, the legislature is intended to stabilize and grow New Jersey’s renewable energy sector, and extend the cost-saving benefits of solar to more families, communities and businesses throughout the Garden State.
A report published in December 2017 by the Department of Energy outlines individual state’s commitments to modernizing their electricity grids. Modernization is crucial for utilities to integrate new, cleaner, and more efficient technologies. Due to variance in state agendas, some states are preparing better than others to modernize their electricity grids and integrate new and cost effective technologies.
SolBid has provided consistent coverage of the ITC Solar Tariff Case as it has evolved over the past four months. In August, I reported on the “proposed” solar tariff submitted to the U.S. International Trade Commission by Suniva and SolarWorld America, two U.S. based but majority Chinese and German-owned companies (respectively), to impose a tariff and floor price on imported crystalline silicon photovoltaic solar panels of $0.40/watt and a floor price of $0.78/watt.
Solar has become one of the fastest growing industries in the United States in the last few years. In fact, for the first time ever, U.S. solar ranked as the number one source of new electric generating capacity additions on an annual basis. But a novel solar tariff on imported panels stands to jeopardize future growth of the industry.