Congress and the President recently agreed on a budget that will extend tax credits for various renewable energy systems, representing the strongest Congressional policy in recent years to support the continued development of renewable energy sources.
Climate Change Discussions
The world must ‘hear both the cry of the earth and the cry of the poor’. Pope Francis’ Laudato Si creates a robust social framework to think about the long-term goals of the world economy and environment. This framework gives context behind the recent discussions of climate change policies in Le Bourget, France.
New Jersey continues to lead the solar community by offering the state’s highest incentive levels since 2012. These initiatives include an increase in Solar Renewable Energy Credit (SREC) prices from $185/SREC to $275/SREC! Given that solar equipment prices (modules, racking, etc.) have decreased by about 30% in the same timeframe, the value proposition for commercial businesses in New Jersey to go solar can be extremely attractive. To understand how dramatic the impact of these incentives are, let’s outline what SRECs are, and how they work: