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SOLAR POWER SYSTEMS
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3. How much power does a
Solar Electric System generate? 4. What about Solar Renewable
Energy Certificates (SRECs)? 5. How much does a Solar
Electric System cost? 6. How long does it take to
break even? Queens
Times Ledger, November 2008 Allentown Examiner, October 2005 Common Energy Efficiency Problems in the Home 1. How Does a Solar Electric
System Work?
·
Photovoltaic
Panels collect
sunlight and convert it to electricity (DC). ·
Inverters condition DC electricity for use by
the home or business (AC). ·
Your
home or business runs normally, with much lower electricity bills. ·
Excess
solar electricity is sold to the local utility…your meter runs backwards! ·
As your
system generates electricity, you automatically accrue renewable energy
certificates, which can be sold on the open market (in New Jersey with SREC Program). A typical 200 watt solar panel, is about 5’ x 3’, and
weighs about 40 lbs.
2. What
makes a good Solar Electric Site?
** Systems may also be pole or ground mounted in a field (see
“photos” for examples) 3. How
much power does a Solar Electric System generate? Based
on values obtained from the NJ Clean Power Estimator, and assuming a northern NJ or
southern NY location, due south exposures and no shade from 9 am until 3 pm,
a photovoltaic system is estimated to generate electricity as follows: ·
A 10 kW
system typically generates about 11,500 kWh/year. ·
5 kW system typically generates about 5,500 kWh/year. 4. What
about Solar Renewable Energy Certificates (SRECs)? New York
State does not currently have an SREC program. The
following answer was taken from New
Jersey’s Clean Energy Program™ website on November 14, 2005, and is
subject to change. New Jersey SREC Program - SREC stands for Solar Renewable
Energy Certificate and is a tradable certificate that represents all the
clean energy benefits of electricity generated from a solar electric system.
Each time a solar electric system generates 1000kWh (1MWh) of electricity, an
SREC is issued which can then be sold or traded separately from the power.
This makes it easy for individuals and businesses to finance and invest in
clean, emission free solar power. 5. How much does a Solar Electric System cost? The answer to this question is based on several pieces of information: - installed cost Commercial PV systems typically cost as low as $7 per watt. Federal, State and Local IncentivesFederal Incentives: ** Only your tax professional can tell you how incentives will impact the final cost of your system.
** Only your tax professional can tell you how incentives will impact the final cost of your system.
** Only your tax professional can tell you how incentives will impact the final cost of your system. The answer to this question can be quite complex due to the many federal, state and local incentives. Break even points typically run from 4 years to 8 years. Every situation is different. We provide a break even analysis with our proposals. Only your tax professional can tell you how incentives may impact your system's cost. ** The cost of electricity has historically risen at a rate of about 3% per year. In many areas in the northeast, electric rates have increased much as 23% in recent years. As rates increase, PV systems become more valuable, resulting in a reduced amount of time to break even and increased property values. |
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