Speculation about an imminent collapse in the solar sector in New Jersey seems to be off the mark, at least for now.
Last month, the state set an all-time record for the number of solar systems installed, with approximately 84 megawatts of new capacity developed. That brings the total installed capacity in New Jersey to nearly 654 megawatts.
The development comes at a time when some in the industry worry the flourishing solar business in New Jersey could be headed for a fall, largely due the steep drop in prices for the electricity the systems generate.
The surge in new solar installations raises the question: Is the market stabilizing or is this burst of activity simply a reflection of the fact that profitable federal incentives are running out soon?