New Jersey Pulls Plug on Solar Rebates: Sunset for Eco Incentives?

Many New Jersey homeowners who recently decided to go solar are an unhappy bunch. To encourage the use of residential solar energy system that can cost anywhere from $20,000 to $48,000 to install, the state approved $58 million for solar rebates in 2010 that would help offset the cost.

But New Jersey's Gov. Chris Christie suddenly changed the solar energy game plan. To help with the state's budget gap Christie severely slashed the amount of money proposed for the solar energy rebates.