SRECS in New Jersey (Future of?)

[JoeF]

Short sighted, NOT well at least for the educated who actually knows and studies history. No subsidy has ever generated one penny of profit for the government. All the money poured into it will never make a profit from taxes from sales and income tax. Only free market can generate organic growth and wealth. Governments have no business trying to steer the the market, it fails every time. All it does is create debt and delay true progress. RE will fail, it cannot do what it is claimed to do, it is impossible.

Your comment about "the educated who actually knows and studies history" is not appreciated. I came here for an intelligent discourse and instead I get mud slinging. So as I understand your motive for the comment, anyone that disagrees with you is a dunce. From your attitude, no lucid, intelligent conversation no matter how rational will make you change your mind. I will make this clear to you so you will have no more misconceptions about what I am saying.

The SREC program is not going to make money for the government. This was never the intention of the program so if that is your standard for a good program than you are correct. The program is to create more alternative energy so we can rely less on nuclear, natural gas, coal and oil to produce our electricity. As the price for these resources increases doesn't it make sense that we find cheaper options. Once installed, solar power is extremely cheap, just some basic maintenance and perhaps an inverter replacement. What the government is doing is forcing investment in alternative energy. If they didn't, we would be decades behind, and what are energy costs going to be in the next decades? Investing now to help stave off the growing energy demands for resources that pollute our planet, are controlled by other nations (talk about government control), and are increasingly expensive. Are you upset because you think your energy bill is a few cents higher now? If we don't do this, your bill will be much higher in the future and our planet will be even more polluted than it already is.

[Naptown]

Short sighted, NOT well at least for the educated who actually knows and studies history. No subsidy has ever generated one penny of profit for the government. All the money poured into it will never make a profit from taxes from sales and income tax. Only free market can generate organic growth and wealth. Governments have no business trying to steer the the market, it fails every time. All it does is create debt and delay true progress. RE will fail, it cannot do what it is claimed to do, it is impossible.

I think your reasoning is flawed.
The Government bailed out Chrysler many years ago. At the end of the day they made a profit from it.
The government recently bailed out General Motors. The Jury is still out on this however the govt has yet to release all of its holdings.
They will make money on this venture too I would imagine.
The bank bailout of late didn't cost the taxpayers a dime all of those funds were paid back with interest. At least from the big players.

[Sunking]

I think your reasoning is flawed.
The Government bailed out Chrysler many years ago. .

Well I know the difference between a loan with interest, and someones else money that is taken without permission and no obligation to pay it back. .

[Naptown]

On this subject my my friend we may just have to agree to disagree.

[Sunking]

On this subject my my friend we may just have to agree to disagree.

Yep my friend. A fight for another day.

[jacksap]

the company that I work for buys your srecs

Mod note - forget advertisements - and in your first post at that

[NJSolar]

SRECs are designed to keep the energy companies honest as they have a minimum quantity they have to purchase each year. This is what allows the consumers of solar energy to offset any costs and sometimes make money on their solar system. It all depends on the government and whether they increase the minimum requirements for these energy companies.

[Sunking]

[...] They are designed to be a SCAM to bilk the investors and public out of their hard earned money.

[MikeSolar]

We are lucky up here, the utility buys our power on a FIT contract for 20 years. No estimating, they just send you a cheque. Mine is at $.80/kwh

[nycsolar]

Any Info on New York City PV Solar Installation and cost after rebates and incentives

Has anyone in the New York City area install PV solar panels? Looking for some more detailed information about the rebates and incentives and upfront cost?

Is it true some companies are offering FREE PV Solar in this area?

Thanks

[russ]

Has anyone in the New York City area install PV solar panels? Looking for some more detailed information about the rebates and incentives and upfront cost?

Is it true some companies are offering FREE PV Solar in this area?

Thanks

If anyone is offering FREE PV Solar then one should run away quickly - it would be some kind of a scam.

nyc solar - Be very sure this is not some kind of a back hand attempt to get free advertising.

[nycsolar]

If anyone is offering FREE PV Solar then one should run away quickly - it would be some kind of a scam.

nyc solar - Be very sure this is not some kind of a back hand attempt to get free advertising.

Thanks russ

I did some research on the NYSERDA site and the company is listed there as a Certified Solar PV Installer by NABCEP.

[inetdog]

Thanks russ

I did some research on the NYSERDA site and the company is listed there as a Certified Solar PV Installer by NABCEP.

As far as I know the only way that FREE is offered is via a Power Purchase Contract, where you pay nothing up front but contract to buy all of your power, both locally produced and grid, from them for 20 years or so at a contracted rate with varioud indexing esclators. In theory it looks at least good enough that the company can get investors. The company keeps all of the incentives and SRECs. Not all states have incentives that make this kind of plan (apparently?) workable.

[bonaire]

We are lucky up here, the utility buys our power on a FIT contract for 20 years. No estimating, they just send you a cheque. Mine is at $.80/kwh

And you know that the program was later shutdown and reopened with a much lower FIT because the .80/kWh was insanely too high? Solar PV installers were also over-charging for their work and product due to this incredibly-high priced FIT. A good number is maybe .30/kWh and that is a little steep too.

You got in during the "gettin' in good" time frame. But even in our USA's age of over-budget spending, even our liberal Democratic-lead Department of Energy and state energy boards would never have fallen for .80/kWh.

That effectively is an $800 SREC. The highest we've had was $500-600 in New Jersey and it's down to $80 now. Pennsylvania had $300-330/SREC now down to $20.

[MikeSolar]

And you know that the program was later shutdown and reopened with a much lower FIT because the .80/kWh was insanely too high? Solar PV installers were also over-charging for their work and product due to this incredibly-high priced FIT. A good number is maybe .30/kWh and that is a little steep too.

You got in during the "gettin' in good" time frame. But even in our USA's age of over-budget spending, even our liberal Democratic-lead Department of Energy and state energy boards would never have fallen for .80/kWh.

That effectively is an $800 SREC. The highest we've had was $500-600 in New Jersey and it's down to $80 now. Pennsylvania had $300-330/SREC now down to $20.

It was logical at the time.....goal for homeowners was 11% ROI. It was going to be under review anyway and we all know the cost was going to come down to reflect the reduced cost of installation so it is still worth it. Goal is still 11% ROI.

I said it before and I will say it again.....you will NOT get lower prices unless govts invest heavily in the technology and give the home owners something to get horny about. Are you telling me that you can build a big industry on $.30/kw FIT.....dream on.