New Jersey Municipal Solar
Municipalities or Townships in the State of New Jersey that go with Solar Power can effectively lower their energy cost next to nothing.
MUNICIPAL SOLAR FOR NEW JERSEY CITIES & COMMUNITIES
Municipalities or townships are similar to non-profit organizations in that they are restricted in obtaining the rich tax equity that a solar installation provides. Even solar rebates given by the State of New Jersey are not within the reach of municipalities unlike nonprofit organizations. So how can a municipality or township install solar?
PPA (Power Purchase Agreements) is one way a municipality can establish solar usage. Through a PPA agreement a municipality or township can have an enormous savings in its electricity cost. The largest municipal solar project in America is funded through a PPA. Where is this place you may be wondering? Would it be a surprise to you that it is in one of the foggiest neighborhoods in San Francisco, California? This mega solar installation at Sunset Reservoir will compete in size only to another largest solar project in the U.S. --- Moscone Center also in San Francisco. What gives with this solar PPA? Why not here in New Jersey?
At NJ Solar Electric we are happy to bring you solar PPA. Geared to save New Jersey Municipalities money by reducing its energy cost from utility companies, PPA’s outright lowers the cost of electricity by 50% or more depending on how an agreement is reached. When this is combined with efficient lighting and other energy conservation measures the savings is tremendous. With a PPA, the municipal or township’s electricity cost become known for the life of the contract (ten to 25 years). This is unlike purchasing from a utility company where energy used to provide electricity is subject to price fluctuations and continued escalating cost of services. There are no revenue bonds needed to be raised, no voter approval required for general obligation bonds, no bonds needed altogether because there is no money needed for a PPA.
Municipal Solar PPA works this way:
Investors pool their money to invest in one of the highest returns available for their money through banking firms that finances investments in solar. We at NJ Solar Electric, as your Solar System Integrator act as a bridge to investment banking firms that finances solar installations. We design solar systems and integrate best of breed components. We also provide world class services to complement our "Best of Breed" practices to municipalities. Through our expertise in these investor backed PPA’s, a municipality is able to acquire clean renewable green energy to help power its needs. These PPA’s allow the investment community to make huge investments in photovoltaic (solar electricity) because they are able to accelerate its depreciation and collect huge tax credits/grants (30%) from our federal government, plus gain an enormous amount of money that is driven by the sale of SREC’s (Solar Renewable Energy Certificates) in the open market. With no maintenance issues to deal with, Solar PPA backed by the capacity of the power utility’s grid is a good way for a municipality to forecast accurately its long term energy cost.
Municipal Solar Leasing works this way:
Another financing option for NJ municipalities or townships is the lease/buyback agreement. With this arrangement NJ Solar Electric also acts as bridge to this type of financing with an Investment Bank. Here the municipality leases the equipment for a faster route towards solar system ownership. Terms of the lease varies from minimum payment with a balloon at the end, to a payment system that enables the quickest path towards ownership. Here the tax equity as well as the SREC’s derived from investor ownership of a solar electric system can be channeled back to the municipality’s coffers to help offset the payment of the lease. Maintenance is covered by our fourteen (14) year warranty for all parts & labor. In essence after the municipality attains ownership of a solar installation, free electricity and the SREC revenue becomes a source of positive cash to add to a municipality’s revenue. Solar leasing is a viable option to municipalities that want to take advantage of a solar installation's additional revenue generation capability.
We at NJ Solar Electric feel that either a Solar PPA or a Solar Lease is a good way for a municipality to acquire a Solar System that is either free, or one at an affordable price but offers a substantial positive cash flow.
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NJ Jersey Solar Electric serves all municipalities in New Jersey: Absecon, Aberdeen Township, Adelphia Fire Company, Alexandria Township, Allamuchy Township, Allendale, Allenhurst, Allentown, Alpha Borough, Alpine Borough, Andover Borough, Andover Township, Asbury Park, Atlantic City, Atlantic County, Atlantic Highlands, Audubon Borough, Audubon Park Borough, Avalon, Avon, Barnegat Light, Barnegat Township, Barrington Borough, Bass River Township, Bay Head Borough, Bayonne, Beach Haven Borough, Beachwood Borough, Bedminster, Bellmawr, Belmar, Belleville, Belvidere Town, Bergen County, Bergen County Emergency Management, Bergen County Utilities Authority, Bergenfield, Berkeley Township, Berkeley Heights, Berlin Township, Bernards Township, Bernardsville, Bethlehem Township, Blackwood Fire Company, Blairstown Township, Bloomfield Township, Bloomingdale Borough, Bloomsbury Borough, Bogota, Boonton, Boonton Township, City of Bordentown, Bordentown Township, Bound Brook Borough, Bradley Beach, Branchburg, Branchville Borough, Brick Township, Bridgeton, Bridgewater Township, Brielle Borough, Brigantine, Brooklawn, Budd Lake, Buena Borough, Buena Vista Township, Burlington City, Burlington County, Burlington County Municipalities, Burlington Township, Butler Borough, Byram Township, Caldwell, Camden, Camden County, Cape May, Cape May County, Cape May Point, Carlstadt, Carneys Point Fire Department and Rescue Squad, Carteret, Cedar Grove, Chatham Borough, Chatham Township, Cherry Hill, Chester Borough, Chester Township, Chesterfield Township, Cinnaminson Fire Department, Cinnaminson Township, Clark, Clayton Borough, Clementon Borough, Cliffside Park Borough, Clifton, Clinton, Clinton Township, Closter Borough, Collingswood Borough, Colts Neck, Commercial Township, Corbin City, Cranbury, Cranford, Cresskill, Cumberland County, Deal, Deerfield Township, Delanco Township, Delaware, Delran Township, Demarest Borough, Dennis Township, Denville Township, Deptford Township, Dover, Downe Township, Dumont, Dunellen, East Amwell Township, East Brunswick, East Brunswick, Police Department, East Greenwich Township, East Hanover, East Newark Borough, East Orange, East Rutherford Borough, East Windsor, Eastampton, Eatontown, Edgewater, Edgewater Park Township, Edison, Egg Harbor City, Egg Harbor Township, Elizabeth, Elk Township, Elmer Borough, Elmwood Park, Emerson Borough, Englewood, Englewood Cliffs Borough, Englishtown, Essex County, Essex Fells Borough, Estell Manor City, Evesham Township, Ewing Township, Fair Haven Borough, Fair Lawn, Fairfield, Fairfield Township (Cumberland County), Fanwood Borough, Finderne Fire Department (Bridgewater), Flemington, Florence, Florham Park, Folsom Borough, Fort Lee, Frankford Township (Sussex County), Franklin Borough, Franklin Lakes, Franklin Township, (Gloucester County), Franklin Township (Hunterdon County), Franklin Township (Somerset County), Franklin Township (Warren County), Fredon Township, Freehold Borough, Freehold Township, Frelinghuysen Township, Frenchtown, Galloway Township’ Garfield, Garwood, Gibbsboro, Glassboro, Glen Gardner Borough, Glen Ridge Borough, Glen Rock, Gloucester, Gloucester County, Gloucester Township, Green Brook Township, Green Township, Greenwich Township (Cumberland County), Greenwich Township (Gloucester County), Greenwich Township (Warren County), Guttenberg Town, Galloway Township, Garfield, Garwood, Gibbsboro, Glassboro, Glen Gardner Borough, Glen Ridge, Borough, Glen Rock, Gloucester, Gloucester County, Gloucester Township, Green Brook Township, Green Township, Greenwich Township (Cumberland County), Greenwich Township (Gloucester County), Greenwich Township (Warren County), Guttenberg Town, Independence Township, Interlaken, Irvington Township, Island Heights, Jackson Township, Jacksonville Fire Company, Jamesburg, Jefferson Township, Jersey City, Keansburg, Kearny, Kenilworth, Keyport Borough, Kingwood Township, Kinnelon, Knowlton Township, Lacey Township, Lafayette Township, Lake Como (formerly South Belmar), Lakehurst, Lakewood Township, Lambertville, Laurel Springs, Laurel Springs Fire Department, Lavallette Borough, Lawnside, Lawrence Township (Cumberland County), Lawrence Township (Mercer County), Lebanon Borough, Lebanon Township, Leonia Borough, Liberty Township, Lincoln Park, Linden, Lindenwold, Lindenwold Fire Department, Linwood City, Little Egg Harbor Township, Little Falls, Little Ferry Borough, Little Silver Borough, Livingston, Loch Arbor Borough, Lodi Borough, Logan Township, Long Beach Township, Long Branch, Long Hill Township, Longport, Lopatcong Township, Lower Township, Lumberton, Lyndhurst, Madison, Magnolia, Mahwah, Manalapan, Manasquan, Mansfield Township (Burlington County), Mansfield Township (Warren County), Mantoloking Borough, Mantua Township, Manville Borough, Maple Shade Township, Maplewood, Margate, Marlboro Township, Matawan, Maurice River Township, Medford, Medford Lakes, Medford Lakes Fire Department, Mendham Borough, Mendham Township, Mercer County, Merchantville, Metuchen, Middlesex Borough, Middlesex County, Middle Township, Middletown Township, Middletown Township EMS, Midland Park, Milford Borough, Millburn, Millburn Township, Millstone Borough, Millstone Township, Milltown, Millville, Mine Hill, Monmouth Beach Borough, Monmouth County, Monroe Township (Gloucester County), Monroe Township (Middlesex County), Monroe Township Municipal Utilities Authority, Montague, Montclair, Montgomery Township, Montvale, Montville Township, Moonachie Borough, Moonachie Police Department, Moorestown, Morris County, Morris County, Municipal Clerks' Association, Morris County Municipal Utilities Authority, Morris Plains Borough, Morris Township, Morristown, Mount Arlington, Mount Ephraim Borough, Mount Holly, Mount Laurel, Mount Laurel Township Municipal Utilities Authority, Mount Olive Township, Mountain Lakes, Mountainside, Mullica Township, National Park Borough, Neptune City, Neptune Township, Netcong, Newark, New Brunswick, New Milford Borough, New Providence, Newton, North Arlington Borough, North Bergen, North Branch Volunteer Fire Company, North Brunswick Township, North Caldwell Borough, North Haledon, North Hanover Township, North Plainfield Borough, North Wildwood, Northfield, Northvale Borough, Norwood Borough, Nutley, Oakland, Oaklyn, Ocean City, Ocean County, Ocean County Clerk, Ocean Gate, Ocean Township (Monmouth County), Ocean Township (Ocean County), Oceanport Borough, Ogdensburg Borough, Old Bridge Township, Oldmans Township, Old Tappan, Oradell, Orange Township, Oxford Township, Palmyra Borough, Park Ridge, Paramus, Parsippany, Passaic, Passaic County, Passaic County Office of Natural Resource Programs, Passaic Valley Sewerage Commissioners, Paterson, Paulsboro, Peapack-Gladstone Borough, Pemberton Borough, Pemberton Township, Pennington Borough, Pennsauken Township, Penns Grove Borough, Pennsville, Pequannock, Perth Amboy, Phillipsburg, Pilesgrove Township, Pine Beach Borough, Pine Hill Borough, Pine Hill Fire Department, Pine Valley Borough, Piscataway Township, Pitman, Pittsgrove, Plainfield, Plainsboro, Pleasantville, Plumsted Township, Pohatcong, Point Pleasant Borough, Point Pleasant Beach, Pompton Lakes, Port Republic Borough, Princeton, Princeton Township, Prospect Park Borough, Rahway, Ramsey, Randolph, Raritan Borough, Raritan Township, Readington Township, Red Bank, Ridgefield Borough, Ridgefield Park, Ridgewood, Ringwood, River Edge Borough, Riverdale Borough, Riverside Township, Riverton, River Vale Township, Robbinsville Township, Robbinsville Township Fire Department, Rochelle Park Township, Rockaway Borough, Rockaway Township, Rocky Hill, Roseland, Roselle Borough, Roselle Office of Emergency Management, Roselle Park Borough, Roxbury Township, Rumson, Runnemede Borough, Rutherford, Rutherford First Aid-Ambulance Corps, Saddle Brook, Saddle River, Salem City, Salem County, Sayreville, Scotch Plains, Sea Bright Borough, Sea Girt Borough, Sea Isle City, Seaside Heights, Seaside Park, Secaucus, Sergeantsville Volunteer Fire Company, Shamong Township, Shiloh Borough, Ship Bottom Borough, Shrewsbury Borough, Somerdale Borough, Somerset County, Somers Point, Somerville, South Amboy, South Bound Brook Borough, South Bound Brook Fire Department, South Brunswick, South Brunswick Fire District #1, South Hackensack Township, South Harrison Township, South Orange, South Plainfield, South River Borough, South Toms River Borough, Southampton Township, Sparta Township, Spotswood, Springfield (Union County), Spring Lake, Spring Lake Heights Borough, Stafford Township, Stanhope Borough, Stillwater Township, Stockton Borough, Stone Harbor, Stow Creek Township, Stratford, Summit, Sussex Borough, Sussex County, Swedesboro, Tabernacle, Tavistock Borough, Teaneck, Tenafly Borough, Tewksbury, Tinton Falls, Toms River Fire Department, Toms River Township, Totowa Borough, Trenton, Tuckerton, Union Beach Borough, Union City, Union County, Union Township (Hunterdon County), Union Township (Union County), Upper Deerfield Township, Upper Freehold Township, Upper Pittsgrove Township, Upper Saddle River, Upper Township, Ventnor City, Vernon Township, Verona, Vineland, Voorhees, Waldwick, Wall Township, Wallington, Walpack Township, Wanaque Borough, Wantage Township, Warren County, Warren County Department of Public Safety, Warren Township, Washington Borough (Warren County), Washington Township (Bergen County), Washington Township (Gloucester County), Washington Township (Morris County), Washington Township (Warren County), Washington Township Fire Department No. 3 (Schooley's Mountain, Morris Co.), Watchung, Waterford Township, Wayne Township, Weehawken, Weehawken Volunteer First Aid Squad, Wenonah Borough, West Amwell, West Caldwell, West Cape May Borough, West Deptford Township, West Long Branch Borough, West Milford Township, West New York, West Orange, West Wildwood, West Windsor, Westampton Township, Westfield, Westville, Westwood, Weymouth, Wharton, White Township, Wildwood Crest Borough, Wildwood, Willingboro, Winfield Township Winslow Township (Camden County), Woodbine Borough, Woodbridge Township, Woodbury, Woodbury Fire Department, Woodbury Heights Borough, Woodcliff Lake, Woodland Park, Wood-Ridge, Woodstown Borough, Woolwich Township, wyckoff.