What Does It Really Cost Utility Customers To Subsidize Clean Energy?

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moneyby Tom Johnson / NJ Spotlight

How much is it costing utility customers to support the state’s aggressive clean energy goals?

Ratepayers already have coughed up $388 million in rebates and other financial incentives for the clean energy program to promote solar panels, wind projects, and other renewable energy initiatives during the first years of the program, according to the latest figures compiled by the state’s Office of Clean Energy.

But that amount does not include what customers have shelled out since the state largely switched to a more market-based solar program — again, largely funded by subsidies on customer utility bills. That figure is not as easily calculated, although the initiative fueled the tremendous growth of solar in New Jersey in recent years. In 2012, the clean energy program raised $309 million from utility ratepayers.

Read the full story at NJ Spotlight


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