Number of the Day: 802.3 megawatts

June 13, 2012 | Number of The Day

What slowdown? More than 800 of megawatts
of solar system capacity are now installed in New Jersey with 32 megawatts of capacity installed in May alone.

Many in the solar sector are worried about a drying up of investment in the system because of a steep drop in prices owners of the array earn for the electricity they produce. Even with that trend, the number of projects in the pipeline increased for the first time since the end of last year, with more than 560 megawatts of new projects pending, up 50 megawatts from the previous month.

Gov. Chris Christie yesterday said he would support bills moving through the Legislature to prop up the sector. “I think they’ll pass, and if they make it to my desk, I’ll sign them,’’ Christie said at a town hall meeting.