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New Jersey and California seem to be leading the charge in solar power adoption. In New Jersey, PSE&G announced that they're going to put up $100MM over two years to help finance solar installations. From the sound of it, the focus is on new construction. Not mentioned, but assumed, is that this is part of their efforts to meet renewables requirements in their electricity mix. Also not mentioned is where $100MM will come from, whether it will be passed along to all of their customers. Interestingly, it sounds like PSE&G will own or have warrants for RECs generated by projects that they fund.
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