Last week, New Jersey ran out of four months' worth of solar rebates in a day. Less money was available than originally budgeted for in December because Gov. Chris Christie took $158 million from the Clean Energy Fund to help close an $11 billion state budget gap.Oh well, at least Congress is going to pass some version of a cap and trade bill this year. Right?
[Updated to add:] Actions like this just add policy risk to investment decisions, and thus diminish the effectiveness of supportive policies going forward. Well done Mr. Christie.