Posts Tagged ‘Solar Installers’

Economics Trump Environment in New Jersey

Wednesday, May 19th, 2010

New Jersey has been a leader in solar, but because of tough economic times, the Governor has thrown solar under the bus. The New Jersey governor has diverted some $400 million in clean energy programs to balance the state’s budget. This financing of course puts the solar installer at risk if there are delays in receiving the rebates. What happens when the rebates are in jeopardy? Two words spring to mind: panic and chaos—which is exactly what is happening in New Jersey today. New Jersey has temporarily suspended the solar rebate program and has announced that it will not take any further applications until September. If you are a small installer paying your labor and equipment with the expectation that you will receive the rebates in a timely manner, this announcement must have produced uncertainty at best and panic at worst. This move seems to be pound wise and penny foolish as no doubt the solar installers will have to lay off some of their workers and wait until the rebates become available in September—just as the economy is beginning to recover.