By: Henry T. Chou, Esq.
The New Jersey Legislature is set to introduce a bill that aims to stablize the state’s solar industry, which has been in free fall since early summer. Assemblyman Upendra Chivakula (D-Middlesex) expects to introduce a bill in the lame duck session that would halt the precipitous drop of prices for solar renewable energy certificates (SRECs), which is a major mechanism for financing photovoltaic (PV) systems in New Jersey.