Solar Renewable Energy Certificate (SREC) Prices in New Jersey have been falling at a sharp rate from a high of $600 to $225 as high returns from falling solar panel prices and other tax breaks.This has led to a massive growth in solar installations in the state making it the 2nd largest state by solar capacity.New Jersey installations have crossed 500 MW and made it a huge green job driver in the state.However this boom has made the market driven SREC prices fall quite sharply.Though not falling as sharply as Pennsylvania where SREC prices have become a joke ,they are still low and falling.<\/p>\n
New Jersey lawmakers are trying to rectify the situation with Assembly Telecommunications and Utilities Committee\u00a0 approving two bills that seek to reverse a recent sharp fall in the value of the tradable Solar Renewable Energy Certificates.This will have the follwing measures like<\/p>\n
1) Increase the PPA term to 15 years<\/p>\n
2) Make non-utilities buy SRECs<\/p>\n
to boost the falling SREC prices.<\/p>\n
These measures should boost the solar EPC Companies\u00a0 in USA<\/a> as well as the domestic solar panel manufacturers.<\/a><\/p>\n Solar EPC\/Installation Companies<\/strong><\/p>\n 11)\u00a0Akeena\/Westinghouse Solar (WEST)\u00a0<\/strong>– The first US Solar Installer to list on the US Stock Exchange,the company\u2019s operations are based mainly in California.The company also sells solar sytems through retail outlets which was a first.The company also has a unique solar system which reduces solar installation costs called Mandalay.<\/p>\n 12)\u00a0Real Goods Solar<\/a><\/strong>\u00a0(RSOL)- The second US Solar Installer to list on the Stock exchange,Real Goods Solar is present in California and Colorado and it targets the residential and commercial segments of the market<\/p>\n