One SREC sold for April, for $ 640.00.
Then, there's this from PSE&G, the power company:
Thank you for participating in Paperless Billing. Your current PSE&G bill statement is now available for online viewing. Your current balance is a credit of $109.59 and no payment is required.
I'm just doing 'back of the envelope' calculations, but it appears that our system is halfway to paying for itself. (Disclaimer: we were lucky enough to catch the tail end of the New Jersey rebate program and also received a substantial federal tax credit.) When we installed I estimated the payback period as 4.5 years. Looks like it'll be more like 5.1 years. I can live with that...
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Looks like these prices may end. Since I haven't even sold my first SREC this article hurts...I checked some of the numbers...sounds pretty truthful...http://markets.flettexchange.com/2011/05/16/nj-srec-prices-drop-in-anticipation-of-an-oversupply/
Thanks for bringing that to my attention. I think it's post-worthy!
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