As reported in Huffington Post Green

Written by Hank Green   
Thursday, 23 October 2008
A funny thing about solar thermal. It works great, is cheap, easy to build, easy to maintain, and has been profitable for decades. But no one’s been building them!Why? Simply because utilities are too lazy to deal with developing new technologies and, in the absence of other pressures, would much rather just keep the status quo.So now that there (finally) are other pressures, like impending carbon taxes, pressure from state and national government to clean up power generation, and the possible end of the freaking world, we’re finally seeing solar thermal plants go online again. The first Californian plant in over 20 years went online today, in fact, on a nice sunny day.

The plant is the first built by Ausra which is already planning a similar plant in Las Vegas. They’re somewhat famous for their claim that they could power all of America with a mere 92 square miles of land. While technically true, 92 square miles of solar is a pretty daunting project.

The plant basically uses flat mirrors to concentrate sunlight on a pipe containing oil. The oil is heated to magnificent temperatures and then the pipe runs through a vat of water. The water instantly boils, creating steam that then drives a turbine, creating electricity.

The plant is small, only 5 megawatts, but their second project, planned for next year, will be 117 megawatts. An average coal plant is roughly 800 megawatts.

Solar thermal projects are particularly appealing because they produce most of their power when people are using the most electricity in warm climates (when all the air conditioners are on.) Other solar thermal start-ups (like eSolar) are working on their own similar systems to compete with Ausra. But right now, it looks like they’ll all succeed fairly well because desire for these plants far outstrips the capacity of the companies to build them.

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New exciting energy saving opportunity for New Jersey!

As electric cost continueto rise, you will find that New jersey has taken a very aggressive step in promoting clean solutions to reduce electric demand.

Federal aand State credits and incentives provide a perfect opportunity and takes a significant step in controlling future electric costs as well as providing a ROI that finally makes sense.

Currently New jersey recieves 1.6% of their energy from clean energy sources. With the demand for electric increasing at a rate of 1.5% a year, New Jersey has committed to increasing renewable energy sources to 22.5% by the year 2020.

Why, you may ask?

With the growing demand for electric, New Jersey faces the issue of brown outs in their future.

How do you think the public would react to that?

The Solution……

Harness the Sun’s Energy….

Going Solar!

. Below is an outline of the steps recently taken that makes this investment desirable.

  • Federal Government provides 30% tax credit.
  • PSEG will be paying SREC’s (Solar Renewable Energy Certificate) each time a solar electric system generates 1000kwh of electricity. 
  • Your electric bill will be decreased by the value of the electric you are generating.
  • Full 7% State Sales Tax Exemption
  • Federal Guidelines allow for 5 year accelerated Depreciation of basis.
  • Low interest loans available thru PSEG

Hutchinson Business Solutions has formed a strategic partnership with BP Solar, a world leader in providing solar solutions. They are the only company that has been making solar panels longer than their warranty (30 years).

 

They offer a full 25-year warranty on the equipment and a full 10-year warranty on the installation.

 

Solar …..The New Sexy

 

To learn more about the new solar incentives in New Jersey contact george@hbsadvantage.com

 

The Future of Energy is Now!

As reported in MSN money 

BPU approves innovative initiative to help meet New Jersey’s aggressive renewable energy goals $105 million investment in solar loans to begin

NEWARK, N.J., April 8, 2008 /PRNewswire-FirstCall/ — Public Service Electric and Gas Company (PSE&G) today received approval from state regulators to begin offering $105 million in loans to help finance the installation of solar systems on homes, businesses and municipal buildings throughout its electric service area. The funding will provide a source of stable, secure capital to spur additional investment in solar energy.

“Now that the Board has approved our proposal, we will move as quickly as possible to begin offering solar loans to developers and customers,” said Ralph LaRossa, president and COO of PSE&G. “We welcome this new opportunity to play a strong role in meeting the state’s aggressive renewable and conservation goals, and reduce carbon emissions.”

Initially the program will only be available to non-residential customers. PSE&G needs approval from the NJ Department of Banking and Insurance to provide direct loans to residential customers. There are also plans to review residential loan documents with a group of stakeholders before the program is offered to residential customers.

Filed with the New Jersey Board of Public Utilities (BPU) last April, the innovative proposal was the first of a number of new plans the company announced during 2007 as part of a long-term, comprehensive strategy to combat climate change.

Since then, PSE&G has invested in hybrid vehicles and biofuel, as well as energy efficient wires and transformers. The utility has also proposed a carbon abatement pilot program that would provide energy-saving measures such as home energy audits, programmable thermostats, attic insulation and high- efficiency lighting upgrades to residential and business customers.

PSE&G’s solar program addresses the goals put forth by the state through the Energy Master Plan process, and by the BPU through the renewable portfolio standard (RPS). Both call for the ability to meet 20 percent of the State’s energy needs with renewable energy by the year 2020. Solar is a Class I renewable energy supply resource and is specifically called for as a clean source of renewable energy in the state’s goals.

The proposal was reviewed by a stakeholder working group, which included BPU staff, the Department of the Public Advocate, solar developers and installers, large energy users, and other electric and gas utilities. These discussions led to a settlement agreement that resolves various issues, paving the way for today’s approval by the BPU. The program had received strong support from the solar industry, environmental advocates and the business community when it was first unveiled last year.

The program will support the development of 30 megawatts of solar power, designed to fulfill about 50 percent of the RPS requirements in PSE&G’s service area for the energy years 2009 and 2010. That’s enough electricity to power 24,000 homes and, in terms of CO2 emissions, is the equivalent of removing about 3,700 cars from the road.

Here are the major components of the program as approved by the BPU:

      -- PSE&G's solar program will be open to all of its electric customers,
         including low-income, residential, commercial, industrial and
         municipal/governmental. The solar panels would be owned by the
         developer or the host customer.
      -- Applications will be available for two years and accepted on a
         first-come, first-served basis until 30 megawatts of projects have
         been developed.
      -- PSE&G would provide loans to developers or customers to cover
         approximately 40-60 percent of the cost of a solar installation
         project, depending on the projected output of the solar energy system
         and the cost of the system. The borrower would repay the principal,
         plus interest, over 10 years for residential customers and over 15
         years for all other borrowers, a considerably longer investment
         timeframe than traditional lenders are willing to provide for solar
         installations.
      -- The remaining project cost would be funded by the owner of the solar
         installation. The owner may have access to funds from banks and
         investors. In addition, the owner may be eligible for a federal
         investment tax credit.  (Utilities are currently not eligible for
         this tax incentive.)
      -- Owners of solar energy systems would repay the loan with Solar
         Renewable Energy Certificates or SRECs, which are created every time
         the system generates solar electricity.  It takes one megawatthour of
         solar generation to create one SREC, which has value in the
         marketplace.  An SREC is a New Jersey tradable product that
         represents the clean energy benefits of electricity generated from a
         solar energy system. For the purposes of this program, an SREC is
         valued at the market price or $475, whichever is higher. Borrowers
         could also repay the loans in cash.
      -- PSE&G's electric customers will pay for the cost of the solar program
         through the Solar Pilot Recovery Charge (SPRC), which will be
         included in the delivery part of their monthly bill. PSE&G will sell
         the SRECs it receives for loan repayment in an auction, and credit
         the proceeds from the sale to customers through the SPRC, which will
         offset a portion of the program costs.

Customers interested in learning more about PSE&G’s program should visit http://www.pseg.com/solarloan, send an email to george@hbsadvantage.com to learn more about solar opportunities available for you company.

Recent State and Federal credits and incentives have made Solar Sexy again.

Solar….The New Sexy

April 22, 2008

Can you help me with our energy cost?

This is one of the biggest issues we hear when meeting with our clients or meeting potential clients.

Our electric bills are killing us!

Deregulation began in the late 90’s and it presented opportunities for a short time in the commercial market. However, the utilities learned how to play the game and unfortunately that opportunity for savings did not last for long.

Electric cost have continued to increase from 10% – 14% per year. Commercial clients are currently paying close to $.16 per KWH for electric.

What if you became the electric supplier?

New Jersey has just released their master energy plan which calls for a 20% reductionof electric usage by 2020.

Currently our electric demnd is increasing at a rate of 1.5% a year!

New Jersey is looking to increaee the amount of renewable energy sources such as solar and wind from the current 1.6% to 22.5% by 2020.

Although the solar market has been around for the past 35+years, the cost have been seen as too high to produce a viable ROI.

This has changed!

The push to go solar is on.

Federal Tax Credits, Provider SRECS dollars, State Tax Exemptions, and accelerated depreciation allowances have peaked consumer interest.

Just the thought of your provider paying you for electric has turned this market upside down.

Financial incentives have made solar sexy again!

Should you like to know more about the solar opportunity in your area you may send an email to george@hbsadavantage.com .

Hutchinson Business Solutions…………..Your CFO on the GO

Creating Opportunities Today……Defining Savings for Tomorrow

Visit us on the web www.hutchinsonbusinesssolutions.com to learnmore about saving opportunities available for your company.