For companies seeking to go solar, Connecticut is once again looking like the place to be. The future name could be “Solar Connecticut.” Connecticut was an early leader in the solar photovoltaic market, but after the state’s previous solar rebate program ran its course, the projected level of economic returns for businesses seeking to pursue solar diminished greatly, resulting in very few commercial solar installations.
Renewable Energy Credit – Supply and Demand
The “spot” market price for New Jersey SRECs has dropped dramatically over the last several months, from over $600 back in May 2011 to almost $200 currently! What is going on?
EnterSolar and Croda Inc. have completed a 305 kW solar system at Croda’s facility in Edison, New…
What is driving the recent volatility in New Jersey SREC Prices and what impact will this have on Solar Project ROI for Corporate entities?
As a leading developer of solar photovoltaic (“PV”) projects for Corporate entities, we have seen significant volatility and sharp declines in the market price of New Jersey Solar Renewable Energy Credits (“SRECs”) over the last few months. As the attached chart indicates, there have been reductions in both the SREC spot market (i.e. where a SREC trades in the open market) and the SREC “contract” market (i.e. where multi-year strips of SRECs are traded on a fixed price basis).
What is the Price of Solar Energy?
A seemingly simple question – and yet the answer can be elusive, particularly when trying to compare different commercial solar project alternatives or financing options on an “apples-to apples” basis.
What are Solar Renewable Energy Credits?
If your business has considered installing a solar photovoltaic system in New Jersey, you may have heard something about SRECs. The last thing we all need is yet another confusing acronym – however, SRECs are truly the secret ingredient behind the robust investment returns attainable from commercial solar projects in New Jersey today.
Why New Jersey businesses should go solar
As a solar development firm focused exclusively on commercial, grid-tied solar photovoltaic systems, we get asked all the time, “Why should my company consider going solar?”; especially given the difficult economic conditions businesses continue to face.
Thule, Inc. – www.thuleracks.com
Facility: Thule Car-Rack’s US HQ & East Coast Assembly Center, Seymour, CT
System: 317kW Rooftop Solar PV System
EnterSolar has completed a 500 kW solar system for PSE&G on the roof of Central High School…