New Jersey is about to pour $100 MILLION in taxpayer subsidies into a risky scheme to install windmills off of New Jersey's coast!
The Beacon Hill Institute cost analysis of this misguided project shows...
The project would produce a net cost of $3.245 billion to New Jersey, within a range of $2.106 billion and $4.137 billion,
New Jerseys electricity prices will increase by 2.1 percent, in 2017, within a range of 0.5 percent and 4.2 percent; and
From 2017 to 2036, the average household ratepayer will pay $431 in higher electricity costs; while the average commercial ratepayer will pay an extra $3,054 and the average industrial ratepayer an extra $109,335.