Nothing new to report, except that we are no longer generating SRECs.
So who wins in the new scenario? Installers and electricians stand to benefit, I suppose. I chose not to spend the money on new equipment, mostly because SRECs are near worthless right now and it would take nearly a year just to break even. But I'm sure some people will make the investment.
The SREC brokers? I'm not sure. There will probably be fewer SRECs to broke. On the other hand, if that's the case, then that makes SRECs more valuable, I'd think, so commissions would be bigger. It's probably a wash for them, at best.
The big power companies that are required to purchase the SRECs? If what I said above is true, I'd think they'll have to pay more per SREC now. Not more than they were two years ago, though, when they were going for ten times what they go for now.
So, after two minutes of deep reflection, I don't see any obvious winners here as a result of the New Jersey Board of Public Utilities (NJBPU) decision to require the new equipment. Anybody else have an idea? Why did they do this?