New Jersey: New Jersey's Clean Energy Resources and Economy [Brochure]

Technical Report · Fri Mar 01 04:00:00 EST 2013

DOI:https://doi.org/10.2172/1071971· OSTI ID:1071971

New Jersey’s two currently predominant renewable energy resources are wind and solar, as evidenced by rapid market growth in both areas. As the state carries almost 100,000 megawatts of wind potential on land and offshore—enough to generate all of the current electricity needs of the state—it is no surprise that New Jersey is home to six facilities that manufacture components for wind turbines. Solar photovoltaic growth is also considerable, and at 1,000 megawatts, the state now ranks second in the nation in terms of installed capacity. In large part, this growth has been due to state policies that facilitate solar system installation (such as net metering) and state sales tax and rebate incentives for renewables. The state has committed to generating 22.5% of its electricity from renewable sources by 2021 through its Renewable Energy Portfolio Standard. In 2010, utility companies in New Jersey also invested an impressive $$\$$$$198 million in energy efficiency and recorded savings of 497 million kilowatt hours or enough electricity to power more than 43,000 homes for one year. The utilities’ investment supports four grant programs for energy efficiency offered by New Jersey’s Public Service Electric & Gas Company, as well as a loan program and a rebate program offered by New Jersey Natural Gas.

• Research Organization: National Renewable Energy Laboratory (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE)
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 1071971
• Report Number(s): DOE/GO--102012-3790
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ALTERNATIVE FUEL VEHICLES
BATTERIES
CLEAN ENERGY INFRASTRUCTURE
FUEL CELL
MANUFACTURING
NEW JERSEY
National Renewable Energy Laboratory
OCEAN POWER TECHNOLOGIES
OFFSHORE WIND
RENEWABLE BUILDINGS
RENEWABLE ELECTRICITY GENERATION
SOLAR
SOLID STATE LIGHTING
SUSTAINABLE TRANSPORTATION
WEATHERIZATION
WIND