Solar Firms Face Hard Times in New Jersey

Here's an interesting article from today's Philadelphia Inquirer on the birth and maturation of the solar industry here in New Jersey. It talks about changes since the salad days of government grants and subsidies all the way to today's climate of sparse assistance and the SREC glut.

Oh, and it features SolarWorks NJ, an installer based right here in Washington Township!

Solar Firms in Hard Times

Lowered All my SREC Minimums

There's a lot of talk about changing the SREC market to address the glut. for now, though, prices are what they are. I have 4 SRECs in hand and I just lowered my minimum asking price to $200 for today's auction. I'll bet they all sell...

One SREC Sold, $225

We sold one SREC at the recent auction -- the one that I'd set the minimum price to $200 for. It fetched $225.

I guess I'll have to drop the price on the others...

More on SREC Value Plummet

Here's an article from the Gloucester County Times (here in South Jersey) over the weekend.

More about the SREC glut / price plummet.http://www.blogger.com/img/blank.gif

Gloucester County Times

Went Ahead and Lowered My SREC Price

I'm facing reality here -- SRECs are not as valuable as they were just a few months ago. I've been glancing at my statements only casually, but today I looked close and saw that I have 4 unsold SRECs. So I just lowered my minimum sales price. Just for the sake of experimentation, I did it this way:

2011/06 NJ (I have 1): minimum price $400

2011/07 NJ (I have 2): minimum price $300

2011/08 NJ (I have 1): minimum price $200

The next auction is October 31. I'll post my results...

Here's How It's Looking Two Years In

Good SREC Price Again

Well, somehow the latest SREC sold at $640 again, same as it used to be. We do seem to be starting to pile up unsold ones, though. They used to sell like clockwork so I didn't bother keeping track. Guess I better get on it.

Other than that, things are going well. This is one of my favorite times of year -- still lots of sun, less energy needed = big monthly credit from electric company because of all the extra energy we're generating and dumping back onto the grid...