The problem with New Jersey and the idea of solar energy is solely based on the need for solar power companies. How it works, this is for SREC trading dot com:
In SREC States requires the Renewable Portfolio Standard (RPS) power company to secure a portion of their electricity from solar generators. The SREC program provides a means for Solar Renewable Energy Certificates (SRECs) for each megawatt hour of solar energy are created.
If the city works, the demand for electricity from solar generators worth the drop in price (supply and demand) SREC needs met. Of course, if the demand for something that is bigger, the price that people pay for it, be greater. If we look at the next few months for the year 2012 in New Jersey, the February SREC market price was $ 205, for March was $ 145 and is for the month of April, they are listed for $ 135th Not very high compared to the $ 600 - $ 700, the Stadtwerke paid from July 2010 to June 2011.
On DSIREUSA dot org you will find the energy and the year "solar carve-out" listed in table form. For the year 2011 the electric company had to win to 306 gigawatt hours. If an average home produces 7 megawatt hours per year, then had to go 43,714 houses to meet the demand for solar energy in solar power company.
To break it even further:
• In 2012, it is listed, 442 GWh from solar energy needs. This is more 136 MWh (megawatt hours) than in the previous year. Even under the assumption that the average home produces 7 MWh per year (about $ 100 monthly electric bill), it would need an approximate of 20,000 homes going solar this year. • 596 GWh are needed for the year 2013. 154 GWh more than in 2012, until this need about 22,000 more homes that go solar for 2013 on top of the 20,000 needed for 2012.
What does this mean for the solar?
This means that the demand for solar systems do not become obsolete by any means. The fact of the matter is, utilities are always having to buy SREC. You must buy SRECs generated from renewable energy sources to the costly fine that they would have to pay if they do not buy to avoid these loans. The current cost of the fine for the state of New Jersey is $ 650. The fine will be mainly put in place to offset the dirty power that the city works to each individual state sale. It's all supply and demand on a scale; utilities need solar energy to avoid this, fine - they have a price for each SREC generated - ie households and businesses to invest in solar installations....