NY Times: New Jersey plans to double solar power

The New York Times reports that New Jersey is going to double solar power within the state by the end of 2013. The cost per year to the average residential customer is reported to be less than five dollars.

The installation, scaled down slightly from the original plan, will cost $515 million, and will add $1.20 to $4 a year to the average residential customer’s electricity bill, a spokesman, Paul L. Rosengren, said. He did not say what the electricity would cost per kilowatt-hour but acknowledged, “solar is above-market.” The large scale of the project is intended to hold down costs, he said.