By The Numbers: New Jersey’s Renewable Energy Program
Clean energy isn't cheap, but what do rebates and incentives really cost -- and what do they buy?
The state has aggressively pursued cleaner sources of electricity over the past decade. It has scored some notable successes, including vaulting New Jersey to second behind only California in the number of solar installations. It also has cost utility customers more than $385 million in incentives. Here’s a breakdown from the New Jersey Office of Clean Energy as of the end of last year.
$361.5 million: Total amount of rebates for solar projects, which convert sunlight into electricity.
$14.2 million: Total amount of rebates for biomass projects, which use food waste and forest residues to produce energy.
$5.1 million: Rebates for wind projects, which convert wind into electricity.
$4.7 million: Rebates for fuel-cell projects. Fuel cells use a chemical reaction to convert fuel, commonly hydrogen, into electricity.
13,502: Total number of renewable projects funded by incentives; the bulk of these were solar (13,436).
606: Megawatts of electricity produced by the incentive program. One megawatt is enough electricity to power about 800 homes.
565: Megawatts of electricity produced by the more than 13,000 solar installations in New Jersey.
40: Number of wind projects receiving incentives from the state, for 30 megawatts of new generating capacity.
18: Number of biomass projects receiving funding from the state, for 30 megawatts of new generating capacity.
8: Number of fuel cell projects financed by the state, for 8 megawatts of new electricity capacity.