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Don't Forget Solar, Your Customers Still Want It. New Jersey Getting Big on Solar

By
Real Estate Agent with Weichert Realtors

It seems that energy efficiency has taken a back seat in the media lately but now that health care has been enacted, look for more coverage as more and more businesses continue to install varying systems and customers demand it from their suppliers. Recently, for example, Solar Electrical Systems of Westlake Village (CA) installed a solar electrical system on the Irvine Inn, an affordable housing apartment building in Orange County, and Southern California's first affordable housing project to go solar as part of the California Solar Initiative's MASH (Multifamily Affordable Solar Housing) program.

Paul F.
Stillwaggon


NJ Estates Real Estate Group
April 2010
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Irvine Inn's owners were quick to see the advantages of investing in solar. The solar electrical system reduces or eliminates electric bills for the owner and tenants, keeping rents the lowest in the county. Rebates and tax incentives offset 82% of the cost, with the $585,000 project costing less than $105,000 out-of-pocket. The system pays for itself in 6 years, provides another 30-40 years of fixed electrical costs for the owners, and results in over $5 Million in savings over its lifetime.

Because of Solar Electrical Systems' extensive experience in rebate application, interconnection approvals, and solar design and installation, the project finished ahead of schedule and started saving the owners money immediately.

The news of the first affordable housing project to go solar comes on the heels of a new study by the Solar Energy Industries Association (SEIA) that shows 75 percent of those surveyed support the development of solar energy plants on public lands. The poll was conducted by Gotham Research Group. Solar industry and environmental leaders, as well as Congresswoman Gabrielle Giffords (AZ-8th) and pollster Jeff Levine joined SEIA President Rhone Resch on a call to discuss the results.

"The polling data we are releasing today confirms what we already knew," said SEIA President and CEO Rhone Resch. "The American public overwhelming supports the development of solar energy. It is time for our elected officials to respond to this high public demand and enact policies that allow solar to compete with other energy sources on a level playing field." The survey also revealed that solar power was the top choice (38 percent) as the best use of public land. Respondents also selected solar farms and wind power (22 percent each) as the top energy sources that the government should prioritize for support, beating out natural gas (16 percent), nuclear (16 percent), oil (11 percent) and coal (4 percent).

"When Americans talk about solar energy, they usually envision rooftop systems, which are great. But it's important to also realize the significant role that utility-scale solar has to play. Large solar installations use economies of scale to achieve significant cost savings and help Americans to get the most solar 'bang for the buck.' It's great to confirm that the rest of America is just as excited about utility solar as we are," said Giffords.

"The 17 gigawatts of utility-scale solar projects proposed in the United States offer great opportunities for companies like ours," said Tom Hecht, Vice President of Sales & Marketing, SCHOTT Solar. "Not only will these projects produce clean, reliable energy, but they will create tens of thousands of high-paying, American jobs in manufacturing and construction trades from coast to coast. This would include significant new jobs at our state-of-the-art manufacturing facility in New Mexico, where we manufacture both high-quality photovoltaic panels and concentrating solar power receivers." "With a successful 10 megawatt pilot project, more than 3,000 megawatts in the pipeline, and two recent PPAs with Nevada Energy and PG&E, we are primed for explosive growth in the United States, as is the entire utility-scale solar sector," said Tom Georgis, Vice President, Development, SolarReserve. "This industry can provide clean solar power to millions of households while creating thousands of new green energy jobs." "We have seen what utility-scale solar such as the eSolar Sierra SunTower project can do. We know that solar energy can be generated cleanly, reliably and with a stable fuel price," said Marc Ulrich, Vice President of Renewable & Alternative Power, Southern California Edison. "Solar is California's great untapped renewable resource and we look forward to integrating more into our energy generation portfolio and to working toward the state's renewables goal." The industry leaders also discussed the promising outlook for utility-scale solar in the U.S. Five new pilot plants came on line in 2009 and there are more than 100 utility-scale solar projects under development. These projects represent more than 17 gigawatts of capacity, enough to provide clean power to 3.4 million households and to create more than 100,000 American jobs.

"The sun provides more energy in an hour than all the coal mines and oil wells do in a year. This solar energy is limitless and pollution free," said Sean Garren, Clean Energy Advocate, Environment America. "Solar energy will play a major role in weaning the nation from dangerous, polluting, unstable and, in many cases, increasingly expensive forms of energy. America can and must figure out how to tap the heat and power of the sun." One last note: jobs. For our economy, for builders and real estate as a whole to move forward and get stronger, jobs are the primary driver. Let's hope that the powers that be understand this and get our people working on creating a sustainable America.

[Note: Solar Electrical Systems has 30 years of Southern California experience designing and installing solar, and helping customers reduce or eliminate their electric bills. For more information, gj@solarelectricalsystems.com. The SEIA survey was based on a representative sample of 500 U.S. adults, age 18+. The margin of error on the total sample of 500 is +/- 4.4 percent.]


Written by Peter L. Mosca
April 21, 2010 

 


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Comments(3)

Flemington, NJ

Had someone inquire about a loan yesterday to install solar panels.

Apr 20, 2010 10:50 PM
Scott Baker
www.eHomeReports.com Coldwell Banker Realty - Liberty Township, OH
Realtor Homes for Sale Cincinnati/Dayton Ohio

Still a pretty expensive energy source. In my area, very very few homes with the sun as a source of evergy. When the cost comes down enough, more people will use it. It always comes back to cost vs. benefit.

Thank you

Apr 20, 2010 10:55 PM
Paul F. Stillwaggon Warren NJ
Weichert Realtors - Warren, NJ
NJ Estates Real Estate Group, Weichert Realtors

We are getting a lot of large investors into Solar Farms, ever since the State of NJ made it a "Inherently Beneficial Use"

Apr 20, 2010 11:06 PM