Articles

Solar Power: The Long-Term Advantage

The potential for recurring economic benefits arising from state Renewable Portfolio Standards, particularly those with a solar set aside such as New Jersey's Renewable Portfolio Standard ("RPS"), provides an opportunity for long-term rewards to those commercial building owners who are willing to make the up-front capital investment in on-site solar power.

The RPS requires electric suppliers and distributors in the state to include an incrementally increasing percentage of electricity derived from "qualifying renewables" in electricity sold at the retail level with the goal of 22.5% qualifying renewables by 2021. The RPS also requires a separate incrementally increasing minimum percentage for solar electric generation—2.12% by 2021.

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