120 MW of Solar Power to be Installed by New Jersey's Largest Utility
New Jersey's largest utility PSE&G; has announced that, pending regulatory approval, it will be installing 120 MW of solar power in communities throughout its service area. The program is called Solar 4 All and will consist of four different parts amounting to a total investment of $773 million. PSE&G; will own and operate all of the systems, which will be built (primarily) by independent solar installers. Here's how the program breaks down:Local Government Solar: 40 Megawatts
Under this segment, PSE&G; will be soliciting towns in its service area to install solar power systems on the roofs of their public schools and municipal buildings. PSE&G; would own and operate the systems, with the towns getting a credit on their utility bill for the amount of electricity produced. Schools installing solar power will receive free educational materials on solar power. The investment in this segment would be $273 million.
Neighborhood Solar: 40 Megawatts
A $264 million investment, PSE&G; will contract with solar developers to install "solar power devices for nearly 200,000 utility poles and street lights" throughout PSE&G;'s service area.
Centralized Solar: 35 Megawatts
On property it already owns PSE&G; will be installing 25 megawatts of ground or roof-mounted solar systems. An additional 10 megawatts will be installed on brownfield, non-profit owned real estate and underdeveloped real estate (sites yet to be determined). The cost: $221 million.
Affordable Housing Solar: 2 Megawatts
PSE&G; will be spending $15 million to provide residents of New Jersey Housing and Mortgage Finance Agency-financed, or other affordable housing communities, with solar power systems.
Cleantech points out that this is the first major project to take advantage of new federal incentives that allow utility companies to reveive a 30% investment tax credit on the total project cost, something previously only applicable to commercial and residential customers.
photos: Mark Lovretin/PSEG
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