(TRENTON) – Earlier this week, the New Jersey Board of Public Utilities approved a study that found the State’s transition to greener energy would ultimately save residents’ money in the long term. The study found that the average cost of utilities through 2030 is expected to increase with our current means of energy production. However, if we continue transitioning to greener options, residents could see as much as a 16% long-term reduction in their utility costs.
Assemblyman John McKeon (D-Essex, Morris) issued the following statement:
“It is clear that greener alternatives are better for our environment, and through laws that have recently been signed, we will be able to better protect vulnerable communities from pollution. The benefits of transitioning toward cleaner energy sources are vast and Governor Murphy’s plan to hit our green energy goal of 50% clean energy by 2030 is achievable if we take significant steps towards encouraging the use of greener alternatives.”
“This study is one of the first of its kind. We have seen studies proving we need to address climate issues, displaying how effective alternative energy sources can be, and how we can be at the forefront of the clean energy industry, ultimately creating good-paying jobs in New Jersey. This study took those benefits a step further and displayed how, in the long term, New Jersey residents will save a great deal on utility payments. I am very excited by these findings and am enthusiastic about the path our State is on.”