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Solar Homes Get No-Money Down Financing Despite NJ Budget Cuts

New Jersey, one of the strongest solar markets in the country, has been troubled by a budget freeze imposed by new Governor Chris Christie. Among the frozen assets are $158 million from the New Jersey’s Clean Energy Fund. If these funds are not released back into operation, the CEF predicts lower solar rebate levels for 2010. This is a move that could hurt not just individual homeowners looking to go solar, but could damage overall economic growth within the state as renewable energy companies find themselves at a loss for business.

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