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Solar Power in NJ Could be Revived With Recommendations in New Energy Master Plan

nj solar powerThe Entech Group  Inc., in NJ is encouraged by the recent policy changes included in the newly revised New Jersey Energy Master Plan that could revive solar power usage in NJ.  New legislation currently being considered could increase the value of Solar Renewable Energy Certificate (SREC’s) so that businesses and homeowners could realize a greater return on their solar investment in a shorter period of time.

Just this past June, New Jersey’s installed solar capacity was more than 380 MW generated from over 10,000 solar arrays statewide. New Jersey was second in the nation in both installed solar capacity and number of installations; only California had more.

NJ Solar Power Systems in NJ Decline After Huge Surge

Since then, however, the installation of NJ solar power systems has plummeted when the price of SREC’s, fell by more than half.  SREC stands for Solar Renewable Energy Certificate and is a tradable certificate that represents all the Clean Energy benefits of electricity produced from a solar electric system.

The NJ Senate and Assembly are now considering two new legislations that envision the electric utilities expanding existing programs that help promote solar through long-term contracts with businesses and homeowners

These two new options could increase the price of Solar Renewable Energy Certificates, which have swamped the market since the crash in prices.

Entech is optimistic about the benefits the new legislation could bring to the solar industry.  Representatives from Entech said, “Everyone should understand that solar energy is a long term investment, but an increase in the price of SRECS could help certificate owners realize their return much faster, and make the certificates much more valuable.

A decision is expected in the next few weeks.

To learn more about the benefits of solar power in NJ, visit The Entech Group, Inc. online at http://www.entechgroupinc.com/solar-energy-services/

 

 

NJ Solar Power Company Announces DOE’s $60 Million Investment

nj solar powerThe Entech Group, Inc. (Entech) of NJ is excited to confirm that the Department of Energy (DOE) announced a $60 million investment for applied scientific research to advance cutting-edge Concentrating Solar Power (CSP) technologies. CSP technologies use mirrors to reflect and concentrate sunlight to produce heat, which can then be used to produce electricity.  The investment supports the DOE’s SunShot Initiative.

The Department of Energy SunShot Initiative is a collaborative national initiative to make solar energy cost competitive with other forms of energy by the end of the decade. Reducing the installed cost of solar energy systems by about 75% will drive widespread, large-scale adoption of this renewable energy technology and restore U.S. leadership in the global clean energy race.

The Entech Group, Inc., a leading provider of residential and commercial solar power solutions in NJ, is pleased with the announcement.  Tom Furey, VP of The Entech Group, Inc., is quoted, “The SunShot Initiative will help make solar power more accessible for NJ companies, and companies nationwide.  This will help cut our reliance on fossil fuels and reduce carbon emissions overall.”

Benefits of Switching to Solar Power in NJ

There are numerous benefits for businesses that make the switch to solar energy.  Some of these benefits are:

  • Protect against rising utility rates
  • Reduce operating costs
  • Take advantage of government rebates & tax credits
  • Receive an above average return on investment
  • Experience long term reliability & low maintenance costs
  • Become a “green” business

According to The US Department of Energy, electricity utility costs will more than double in the next five years.  Having a commercial solar energy system has never been a smarter choice for a business owner.

The Entech Group, Inc., offers solar power systems that are backed by a 5-year system warranty and a 20-year manufacturer’s warranty.

To learn more about NJ solar power solutions, call The Entech Group, Inc., at 800.571.8661.

The Entech Group Can Help Those in Need of Solar Power in NJ

Solar energy incentives for NJ businesses are through the roof! The Entech Group wants to show potential NJ solar power customers how solar energy can impact their lives for the better!

The Entech Group are leaders in the NJ solar energy conversation. They are always out trying to show those interested in environmental sustainability how solar energy can have a positive impact on their business. Solar energy incentives for NJ businesses are huge!nj solar power

Commercial solar panel installation is a fantastic renewable energy alternative for NJ solar energy proponents. Commercial solar works like this: First, solar panels are mounted. These solar panels produce a DC current. The next step inverts that DC current to AC and ties it into the main electrical distribution panels in a commercial facility.

Now that solar energy is just waiting to be used. The electricity can be used by the facility or can be sent back to the grid as surplus through utility meters. The utility meters monitor and net out supplied and used energy. So, not only does solar energy in NJ save money, it can also make money back!

Meters will watch NJ solar energy users’ consumption of energy over 12 months. Generally, less energy is consumer in the winter and more is consumed in the summer. After a 12 month read out the power company can determine how much money has been saved and even made.

Solar energy incentives for NJ businesses don’t stop there though. There are a few other advantages to having an installed solar energy system. Aside from decreasing energy use, it can increase property value. Just as well, it is a good marketing tool. Many consumers are environmentally conscious these days and going green is only an advantage to a businesses.

Solar Energy in NJ is the Future

It’s time to face the facts: renewable energy is the wave of the future. Those who get in now will be ahead of the curve. There are virtually no drawbacks to going solar. Businesses interested in commercial solar paneling have seen the solar energy incentives for NJ businesses. Going solar is a great idea!

Businesses interested in getting on board with Entech can find more information on NJ solar energy incentives via a video presentation Entech has created at http://www.youtube.com/watch?feature=player_embedded&v=QI-BHUly220. More videos on NJ solar energy, solar panel installation and incentives can also be found on The Entech Group’s YouTube channel at http://www.youtube.com/user/TheEntechGroupInc. Going solar is painless! Call The Entech Group at 800-571-8661 to stay ahead in sustainability and going green.