The Port Newark Container Terminal added 7.2 MW of solar capacity on structures without disrupting port operations.
The bill cancelled residential solar tax credits at the end of 2025 and added new timelines and restrictions for tax credits under Sections 45Y and 48E.
In many states, rooftop solar is supported by a billing structure called net metering, under which utility bills are credited for exporting electricity to the grid.
While other states’ bills to remove solar permitting bottlenecks fell flat this year, New Jersey unanimously passed a permitting bill in “one of those rare wins.”
Solar advocates warn that the reforms will have a “chilling effect” on the state’s clean energy future.
Bond analyst KBRA, which has rated $6 billion of solar-backed securities issued by the recently bankrupt Sunnova, is maintaining its ratings and says the loan and lease packages remain stable investments, independent of the reorganizing company.
Cavco’s solar investment points to a replicable model for how manufacturers can reduce costs, improve operations and pass savings to customers.
Reaching an investment breakeven point will take 43% longer if the Senate Finance Committee’s proposal to gut rooftop solar tax credits goes through, said the company.
Electric utility ComEd and its parent company Exelon spoke in a keynote session at the Midwest Solar Expo about why, as utilities, they want growth in the community solar and rooftop solar markets.
Many residential rooftop solar installers are considering entering the fast-growing community solar market but might find the landscape different from what they are used to.
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