New for 2009

The New Jersey Board of Public Utilities Clean Energy Program offers the new Renewable Energy Incentive Program for 2009.  The program provides incentives and support services needed for participants to build onsite renewable energy projects using solar, wind and biopower technologies. The new program is part of New Jersey’s efforts to reach its Energy Master Plan goals of using 30 percent renewable energy by 2020. The program includes financial incentives to owners who install qualified clean energy generation systems in New Jersey.  The Renewable Energy Certificates  (RECs) Program is also available to help finance projects that do not qualifiy for rebates.  Renewable energy systems enable you or your organization to produce clean energy, help protect the environment, and reduce utility costs.

Why get involved?  For a variety of reasons, such as a desire to:

  • reduce pollution
  • stabilize electric costs
  • lessen dependence on fossil fuels
  • increase self-reliance
  • increase local jobs & economic development
  • preserve natural resources
  • make a long-term commitment to the planet’s future
  • strengthen energy security & long term affordability

Program applications will be accepted February 3, 2009.  Please review the attached chart for available incentives and rebates.

The Renewable Energy Incentive Program Guidebook provides details about operations and procedures for the program.  The program provides incentives for onsite renewable energy projects using solar, wind and biopower technologies.  The processes and procedures contained in the guidebook are subject to periodic revision, review and approval by New Jersey’s Clean Energy Program and the Board of Public Utilities.

The Board of Public Utilities is planning to launch a new program in 2009 to support large-scale renewable energy projects, also called grid supply projects.  These projects produce energy that goes directly into the electric grid, without any energy being used for on-site consumption, so they are not eligible for REIP upfront incentives.  More information on the Grid Supply Pogram will be released soon.

In 2009 New Jersey’s Clean Energy Program has developed a new funding model.  The new program will have three funding cycles.  Each funding cycle has its own budget, and when the money is completely committed for each funding cycle all applications will be returned.  Applicants will have the opportunity to reapply when the next funding cycle opens.  The three funding cycles are January 1, May 1 and September 1.

To view charts and more info click on link below

http://www.njcleanenergy.com/renewable-energy/programs/renewable-energy-incentive-program

New Advances are being found in the solar field. Solar is presenting a viable energy alternative.

The company’s plan for what it calls the world’s ‘highest-performing, lowest-cost’ sun-energy system is being tested in Israel.
By Richard Boudreaux, Los Angeles Times Staff Writer
June 13, 2008
DIMONA, ISRAEL — On the scorched floor of Israel’s Negev Desert blooms a field of 1,640 robotic mirrors that behave like sunflowers.

Slightly larger than pingpong tables and guided by a computer, they turn imperceptibly to follow the sun and focus its rays on the pinnacle of a 200-foot tower, where a water boiler will soon start producing high-pressure steam.

This futuristic assembly is Arnold Goldman’s scale model and testing ground for five larger solar fields his company plans to build in the Mojave Desert to supply up to 900 megawatts of clean energy to California in the next decade.

Goldman is a UCLA- and USC-schooled Israeli entrepreneur who built the world’s leading solar thermal power company, Luz International, in the 1980s, then watched it go bankrupt in 1991 as oil prices dropped and California decided not to renew property tax credits for solar producers.

Now he’s a player again, and his comeback illustrates the extent to which solar thermal power is regaining favor with policymakers and investors.

His new company, Oakland-based BrightSource Energy Inc., signed a power-buying agreement with Pacific Gas & Electric in April; it is believed to be the largest in the history of solar power and would produce enough electricity to power 540,000 homes each year.

In May, the company raised $115 million from a high-profile group of investors including Google.org, the philanthropic arm of Google Inc., and BP Alternative Energy.

Like other clean-energy entrepreneurs, Goldman has benefited from rising oil prices and an array of government policies aimed at reducing fossil fuel consumption and staving off global warming.

But the 65-year-old engineer and his Israel-based design team have a unique selling point: a technology radically different from what he developed in the 1980s and other solar power producers imitated.

“This is the highest-performing, lowest-cost solar thermal energy system in the world today,” Goldman told 550 guests, including investors and potential suppliers, at Thursday’s inauguration of his pilot solar field in Dimona, Israel.

The 1980s system used long troughs of curved mirrors, guided by computers, to heat synthetic oil passing through vacuum-sealed tubes to 735 degrees. The oil heated water to produce steam and run an electric turbine. Goldman’s company built nine solar power stations using that system in the Mojave Desert from 1984 to 1990. They still operate, producing 350 megawatts of power.

The new technology will employ several “power towers” at each commercial plant, starting with a 100-megawatt plant the company expects to start building next year on the Ivanpah dry-lake bed. An array of hundreds of mirrors known as heliostats will reflect sunlight onto a boiler atop each tower, and the resulting steam will power a turbine.

BrightSource executives say the power-tower technology is more efficient in several ways: The heliostats are cheaper to build and operate. They heat water directly, with no need for oil. And they achieve a higher concentration of sunlight, higher temperatures (up to 1,000 degrees Fahrenheit) and higher steam pressure.

That should make solar electricity competitive in price with that produced by gas-powered turbines as long as Congress prolongs the tax breaks for solar producers, said John Woolard, president of BrightSource.

The new technology, however, has yet to be tested on a large scale. The pilot field here is expected to start producing steam next month, serving as a proving ground for BrightSource as it tries to lure investors in the California plants.

Justin Adams, venture business unit leader at BP Alternative Energy, says BrightSource faces several hurdles in making its technology work.

“They have to show they can manage steam at such high pressure 60 meters above the ground,” Adams said. “They have to make sure everything is minutely controlled in terms of focusing all those mirrors, and they have to do this over a period of years without major outages.”

Thursday’s ceremony was sweet vindication for Goldman, a slight, bearded man who said he was personally shattered by the failure of his first solar venture. He had started Luz as an Israeli firm after moving to Jerusalem from Los Angeles in 1977 and saw solar power as a way of saving the world.

The bankruptcy of Luz International, the L.A.-based company he set up to build the early California plants, destroyed the Israeli subsidiary. Goldman drifted into other ventures. In an interview this week, he said the 1997 Kyoto Protocol on climate change let him dream again that solar power could produce most of America’s electricity.

The protocol, which requires a drop in greenhouse gas emissions, took effect in 2005. Although the United States has not ratified it, Goldman said the push for clean energy elsewhere, especially in Europe, had an influence in California; the state now requires that publicly owned utilities get 20% of their power from renewable sources by 2013.

Goldman began reassembling his best Israeli engineers in 2004. Like a Hollywood sequel, he named the new venture Luz II and founded BrightSource as its parent company to seek California contracts.

The company secured its first major infusion of venture capital in 2006 from VantagePoint Venture Partners, which remains BrightSource’s largest equity holder.

“The idea of coming back together to finish what we started was electrifying,” Goldman said.

To learn more about solar opportunties email george@hbsadvantage.com

 

As reported by Reuters:

 

(Reuters) – With crude oil prices surging to record highs above $130 a barrel, energy and environmental issues like global warming have moved to the forefront of the U.S. presidential campaign.

 

Here is what Republican John McCain and Democrat Barack Obama, who claimed his party’s nomination on Tuesday, are saying about energy and the environment:

 

CLIMATE CHANGE

 

Obama would cut carbon dioxide emissions to 80 percent below 1990 levels by 2050, reduce emissions to 1990 levels by 2020 and require fuel suppliers to cut carbon content by 10 percent by 2020.

 

McCain favors a cap-and-trade CO2 approach. He sponsored legislation in 2007 to cut emissions by 30 percent by 2050.

 

GASOLINE PRICES

 

Obama would probe energy industry activities and stop filling the emergency oil reserve.

 

McCain wants to suspend the federal gasoline tax during the peak summer driving season and suspend filling of the Strategic Petroleum Reserve, a stockpile designed to ensure the United States has a cushion of crude oil to cope with major supply disruptions.

 

(On May 19, President George W. Bush signed a law to temporarily halt shipments to the reserve, which now holds almost 703 million barrels at four underground storage sites, until crude prices drop below $75 a barrel.) 

 

OIL USE

 

Obama would reduce overall U.S. oil consumption by at least 35 percent, or 10 million barrels per day, by 2030 to offset imports from OPEC nations.

 

McCain has set no specific targets. He has said he will unveil a strategy to reduce reliance on foreign oil sources.

 

VEHICLE FUEL ECONOMY

 

Obama would double fuel economy standards in 18 years, give automakers tax credits to retool plants and invest in advanced lightweight materials and new engines

.

McCain has not specified Corporate Average Fuel Economy (CAFE) targets. He voted against energy amendments in 2003 that would have boosted CAFE to 40 mpg by 2015.

 

BIOFUELS

 

Obama would boost the renewable fuel standard to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030, build the ethanol distribution infrastructure, mandate that all new vehicles be “flexfuel” by the end of 2012 and seek production of 2 billion gallons of cellulosic ethanol from non-corn sources like switchgrass by 2013.

 

McCain favors ethanol incentives after opposing them in the past. He generally opposes subsidies and tariffs that distort the marketplace.

 

Our Perspective:

 

What are your feelings about the current energy issues?

 

Do you believe there is an issue or is this being fabricated by corporate greed?

 

You can probably find some truth on both sides of that statement.

 

In NJ, we are looking at a projected 1.5% increase in electric demand per year for the next 8-10 years. If something is not done to help the providers meet this demand we faces the possibility of rolling brownouts.

 

This oil crisis has been brewing for the last 35+ years. I remember being in college and we had  odd – even days gas rationing. At that time everyone was saying, never again.

 

Guess what? We were only paying about $.30 a gallon.

 

What happened?

 

Well here we are 35 years later and we are now paying $4.00 a gallon and the efficiencies of the auto have not increased.

 

What incentive does the auto manufacturers have when we were willing to buy SUV and Hummers?

 

The US government is even paying subsidies to the oil companies to help keep the price of gasoline lower than what other countries are now paying. That really worked!

 

What do we do now?

 

If we keep going with the business as usual mentality, we will be paying $12 – $15 per gallon in the next couple of years.

 

There is talk that we will probably be paying $5.00 a gallon by the end of the summer.

 

The subsidies must be taken away from the oil companies and they should be targeted to the auto manufactures. There is no reason why a car should not be getting 40 – 50 miles per gallon. There is also many alternative fuel / energy solutions available to wean ourselves off the oil fix and create true independence.

 

We have sent a man to the moon. We have found cures for many diseases that once haunted us. We must take the necessary steps to provide a long-term solution that will provide for our children a better tomorrow.

 

Let us know your thoughts. You may email george@hbsadvantage.com

 

Visit us on the web www.hutchinsonbusinesssolutions.com

 

Hutchinson Business Solutions

 

Creating Opportunities Today………Providing Savings for Tomorrow

The NJ Solar Lure

June 3, 2008

 

As electric costs continue to rise, companies are looking for opportunities to control these costs. They find it is hard to budget for the yearly increases that are market driven and unpredictable.

 

The State Dilemma:

 

  • The demand for electric is projected to increase 1.5% a year thru 2020
  • Increase demand will lead to possible brownouts in the next 8–10 years
  • Electric price increases are trending over 10% a year

 

The State of New Jersey is committed to increasing the amount of renewable energy source to 22.5% by 2020.  Recent steps have been implemented to help jump start the program and provide an incentive that finally provides an ROI that makes sense.

 

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.
  • We can provide very competitive financing and your loan interest is deductible. 

Hutchinson Business Solutions has partners with BP Solar, a world leader in the solar field. 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.

 

The first step

The Federal Government and the State of New Jersey recognize they must provide incentives to entice the public to participate. They have taken the first step, it is now our turn. We must recognize the issue is real. Our demand for electric is surpassing our ability to supply this need. Alternative methods must be found to help supplement the supply of electric.

 

You can be your own provider

 

Our solar solution will not only help reduce the need to buy electric from the local provider; some clients are finding they are actually selling electric back to the provider. 

 

To learn more about your solar opportunities send an email to george@hbsadvantage.com

 

Visit us on the web www.hutchinsonbusinesssolutions.com to learn more about opportunities to provide savings for your company.