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  • http://www.SRECTrade.com Wendy Pearson

    In the Northeastern states, solar panels generate SRECs on top of the electricity they produce. SRECs are solar renewable energy credits that Utilities buy to avoid paying a fine. You can sell these credits as they accrue or you can sell them ahead of time to help finance a system. You can see the prices at http://www.srectrade.com/prepaid_srecs.php and follow through this NJ example.

    If you install a 5,000 system, you might pay about $5.50 per watt or $27,500.
    You get a 30% tax credit (which is refundable through at least 2010) so $8,250 comes back to you ($19,250 out of pocket). If you’re quick and get a rebate application in to NJ you may get $.75 per watt back as a rebate (now $15,500 out of pocket) and you can sell your SRECs prepaid for about $3.00 per watt (now only $500 out of pocket) and you’ll have lower electricity bills for the next 30+ years.

    The math is different in every state but Ohio, Pennsylvania, Delaware and Massachusetts all have strong SREC programs in place.

  • TC Taylor

    1BOG would be a great deal if it weren’t for the fact that they SELL your information as sales leads to MULTIPLE installers. Moreover, they charge a $.25 Per Watt FEE to the installer which gets passed to the consumer.

    They proffer an “RFP” but it is not valid. They don’t actually consider bids. They work with installers willing to pay their fees and the winning bids can be easily beaten since the winning “price” is usually a sham because that “price” has an unusual amount of “riders” which are add-ons to the cost.

    They “certify” installers based on all of this and other factors such as the amount of projects completed according to the CSI database. We have many, many installations and DO NOT publish the information on our customers to any database, sell it to anyone, or provide it to anyone for any reason.

    Finally, the complaints we’ve heard about outsourcing the actual installations — 1BOG, SolarCity, SunRun, Sungevity don’t have any installers, they job the work out — range from obsolete solar panels, inverters and other system components to shoddy installations. While this is not always the case, it seems to show up in blog responses and other on-line media.

    Caveat Emptor.

  • http://www.autoanything.com/ Michelle

    I love solar power. So good for the environment!

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  • http://www.green-and-energy.com/electric-car-apps/ Olmo | electric car apps

    Hi there, 

    thank you for the article. I hope more and more people invest in this technology in the future worldwide. In Germany we had today 6 GW of solar power and 14 GW of wind. Not bad at all :-)

  • http://www.onegloberenewables.co/ Seogon

    Solar leasing and financing are becoming more common and it’s important for people to know about the options available. Great article.

  • http://www.sepco-solarlighting.com/ SEPCO-SolarLighting

    So many great links and ideas on this site. One of my favorite sites to reference to is 1BOG.org for residential information.

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