Subscribe free to our newsletters via your
. Space Travel News .




SOLAR DAILY
GeoGenix Announces 20 New Residential Solar Projects
by Staff Writers
Mansfield NJ (SPX) May 14, 2012


Taking state and federal subsidies and the upfront check from the PSE and G loan program into consideration, the average payback for a residential system is dramatically reduced. Since the lifespan is typically 30 years, this means that homeowners will generate free electricity for another 20 plus years after the system has paid for itself.

GeoGenix has announced that it has signed 20 new contracts to install rooftop residential solar systems at Four Seasons at Mapleton, an age-restricted single-family development in the Burlington County, N.J., township of Mansfield. GeoGenix started installing residential systems at Four Seasons at Mapleton in 2007.

Including the 20 new contracts, GeoGenix has - or will have - installed solar systems on 40 of the 428 homes in the community - or roughly 10 percent. The installations were made possible through "community solar," a concept that allows residents to band together to purchase solar for their individual homes at a discount.

"We're thrilled to announce 20 new projects at Four Seasons at Mapleton," said Gaurav Naik, principal of Old Bridge, N.J.-based GeoGenix. "Homeowners hear their neighbors talking about the benefits of solar and they want to join in. The savings on electricity, coupled with an appealing price made possible through state and federal subsidies and the 'community solar' approach, has solar spreading like wildfire."

GeoGenix, which has been installing solar since 2001, is an industry leader with a proven track record in residential and commercial solar installations. The community solar discount is made possible by operational efficiencies such as the streamlining of the permitting process, using one or two designs instead of creating a new design for each home and the efficient deployment of installation crews.

At the state level, the systems generate Solar Renewable Energy Certificates (SRECs), a financial incentive representing the environmental benefits of solar, each of which is the equivalent of 1,000 kilowatt-hours of electricity. SRECs, which are generated for the first 15 years of a system's life, are purchased by utilities from solar producers in order to meet a state-mandated requirement for solar electricity.

At the federal level, system owners receive a 30 percent tax credit for the full cost of the system within the first year.

Many of the homeowners funded their systems through the New Jersey utility Public Service Electric and Gas' (PSE&G) solar loan program. The loan is being repaid with the SRECs that the system generates.

Taking state and federal subsidies and the upfront check from the PSE and G loan program into consideration, the average payback for a residential system is dramatically reduced. Since the lifespan is typically 30 years, this means that homeowners will generate free electricity for another 20 plus years after the system has paid for itself.

"Installing solar is an extremely attractive deal, especially for seniors living on fixed incomes," said Naik. "While most of the residents at Four Seasons were originally motivated to install solar for financial reasons, including as a hedge against future rate increases, they have developed a greater appreciation of the environmental benefits as they have come to realize that they are leaving a cleaner world for their grandchildren."

On average, the systems at Four Seasons offset 85 percent of the homes' energy consumption. The total wattage of all the systems that will be installed is about 140 kilowatts, bringing the total wattage of systems to 280 kilowatts. This equates to the reduction of about 428,000 pounds of CO2 emissions per year, which is the equivalent of offsetting the power demand of 48 homes for one year, planting 5,030 trees or removing 36 cars from the road annually.

The receptiveness to solar has changed dramatically from 2007, when GeoGenix sought to install the first solar systems at Four Seasons. At that time, GeoGenix joined with homeowners interested in installing solar to challenge a decision by the homeowners association to prohibit solar. That challenge resulted in a state law - believed to be the nation's first - that prohibits homeowners associations from outlawing solar.

"Some members of the community's governing organizations who originally opposed solar now have it on their homes, which shows how far solar has come in terms of public acceptance," said Naik. "We are delighted about the role we played in the enactment of state legislation that has become a model for similar legislation throughout the country, and that has accelerated the adoption of solar."

.


Related Links
GeoGenix
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SOLAR DAILY
Solar Energy World Brings Sustainability to Soccer
Elkridge MD (SPX) May 14, 2012
In recent years, sports arenas and stadiums have become champions of sustainability for both social and financial reasons. The STAPLES Center, home to the Los Angeles Lakers, has 5% of its total power provided by solar panels, while the Portland Trail Blazers' Rose Garden Arena saved 4 million kWh of electricity, roughly $424,000 in operational savings, between 2008 and 2010 with their own green ... read more


SOLAR DAILY
EchoStar XVII comes to French Guiana for a dual-payload Arianespace flight in June with Ariane

SpaceX and Bigelow Aerospace Join Forces to Offer Crewed Missions to Private Space Stations

A Soyuz takes shape in French Guiana for the next dual Galileo satellite launch

SpaceX boss admits sleep elusive before ISS launch

SOLAR DAILY
Opportunity Rolling Again After Fifth Mars Winter

Mojave Desert Tests Prepare for NASA Mars Roving

Mars Opportunity Rover Is A Go For More Travel

WSU air-quality researcher to lead field studies in support of NASA Mars mission

SOLAR DAILY
Perigee "Super Moon" On May 5-6

India's second moon mission Chandrayaan-2 to wait

European Google Lunar X Prize Teams Call For Science Payloads

Russia to Send Manned Mission to Moon by 2030

SOLAR DAILY
Beyond Pluto And Exploring the Kuiper Belt

Uranus auroras glimpsed from Earth

Herschel images extrasolar analogue of the Kuiper Belt

New Horizons on Approach: 22 AU Down, Just 10 to Go

SOLAR DAILY
Free-floating planets in the Milky Way outnumber stars by factors of thousands

Unseen planet revealed by its gravity

Ultra-cool companion helps reveal giant planets

NASA's Spitzer Sees the Light of Alien 'Super Earth'

SOLAR DAILY
NASA Continues J-2X Powerpack Testing

India conducting new round of cryogenic engine testing

Aerojet's AJ26 Flight Engine Successfully Hot-Fire Tested for Orbital's Antares Rocket

Russia Develops Revolutionary Ammonia Rocket Engine

SOLAR DAILY
Long March-2F rocket delivered to launch center

China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

SOLAR DAILY
Dawn reveals complexities of ancient asteroidal world

NASA Dawn Mission Reveals Secrets of Large Asteroid

Asteroid collision that spawned Vesta's asteroid family occurred more recently than thought

Vesta - a planet-like asteroid




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement