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Valued Customer Newsletter, 2012
A Quarterly Newsletter
October Issue
NJ’s Solar Resurrection NEW JERSEY--- The tremendous savings intrigue of solar just became that much more appealing. Gov. Christie signed bill S-1925/A-2966 into law that will stimulate the solar market in New Jersey and raise the value of Solar Renewable Energy Certificates (SRECs). Which means, what was previously a wise investment is now an income producing no-brainer. The booming SRECs market is what has made ‘going solar’ a popular option for a number of years. However, once stakeholders saw the edge of the cliff early in 2011, the analysts, law-makers and government knew an intervention was necessary. The objective was to create a sustainable market. The key word being sustainable. Governor Christie addressed the size of the Renewable Portfolio Standard (RPS) which had the number of megawatt-hours required in Energy Years 2013 to 2016 substantially lower than the current market activity. The original legislation was written at a time when solar panel prices were 60 percent higher, meaning that the hurdle for investment was very different. Therefore when they examined SREC Spectrum News October 2012
pricing and simulated model processes, a consensus for an SREC value in the $300 range was reached. Policies were also established that allow for long term contracts in order to make solar more attractive to financial institutions, which look for a stable revenue stream from SRECS in order to minimize risk. With the prices of solar panels down by more than 60% we no longer needed
of solar obligations stays constant with overall energy demand. Under the new law utilities will be required to obtain 2.05% of their electricity sales from solar by 2014 – a mandate that will be ramped up on a tiered basis to 4.1% by 2028. According to Gov. Christie’s office the law will save ratepayers an estimated $1.076 billion over the next 15 years.
When signing the bill the governor was quoted saying, “Since my time running for office, I made it clear that my administration would be unrivaled in our aggressive support for the development of renewable sources of energy in New Jersey. Renewable energy not only helps meet our goals of increasing sustainability and protecting the environment, but can be an engine for economic growth and the creation of good-paying jobs for the people of our state.” New Jersey Governor Christie seen here discussing the Solar ‘Resurrection Bill’
SREC values in the $600 range, which made the value proposition for the policy changes a lot more attractive. New Jersey’s RPS will go from a fixed megawatt requirement each year, to a percentage of overall energy usage in New Jersey. This ensures that the level
It is a mouthful for those already with solar and those interested in solar for their homes. A rise in SREC prices will once again generate a robust market place here in New Jersey that will not only pay for the costs of the system itself for those seeking ownership, but it was also create revenue opportunities for specific leasing arrangements and ownership respectively.
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A LETTER FROM DAN EUBANK The presidential election is just weeks away and the candidates will be preparing to answer questions about their energy plans. Before we get to rate their answers like judges on American Idol, lets me ask you that very question -- What is your energy plan? Perhaps you’re under the impression that you don’t have one. If you have not thought about it then you have already subscribed to the utility’s plan for you. The utility company wants you to live short-sighted, they want to monopolize your electric needs and keep you completely dependent on them! If you don’t have an energy plan you are by default choosing option 1 -- doing nothing. As prices rise, your bill will go up and up without any input from you. That doesn’t seem fair, does it? Spectrum gives you the chance to choose a plan that’s right for you. Arthur Brooks from Lumberton chose option 2. He decided not to succumb to whatever was pushed on to him. As a result we helped him save $150 a month from day one! Plus, once his system is paid off (in a few short years), he will never have to pay for electricity from the utility again! PJ Vescovi elected option 3, to lease his system. His plan was to save $85 a month by switching to solar. He also locked in his rate for 20 years so as the electric costs rise he just saves more and more! Twenty years from now when his lease is up, he will own the system and never pay for electricity again! You have options! 1. Do Nothing 2. Brook’s Ownership Purchase 3. PJ’s Lease We can help you choose a plan that is right for you. Go to our website at SolarBySpectrum.com or call (609) 261-0760 today and request your FREE Solar Evaluation!
Sincerely,
Spectrum News October 2012
Meet Our
HAPPY
Customers
Spectrum Energy, Inc. has been serving the community and our customers with quality service for over 30 years. Just how good are we? We are confident about how pleased you will be from switching to solar and letting Spectrum Energy, Inc. handle
your switch. Don’t take our word for it! though We believe the proof is in the pudding. That is why you can hear from a number of our customers right on our website. Not only do we provide a turnkey solution for your electric needs, our expert install team will have you up and running in no time! Don’t forget to Like us on Facebook, Follow us on Twitter, or view our Galleries on Flickr!
Featured Install
Ponzio’s 15.2kW - Lumberton, NJ
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There’s no wrong way to go solar.
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There are multiple ways of going solar. Our team of solar specialists are experts on the ins-and-outs and want to show you the best available and most suitable method for your particular needs. Below are the three most popular paths to renewable energy.
Savings Every Month.
Protect The Environment.
A Spectrum solar electric system powers your home so you can eliminate your electric bill or use considerably less electricity from the public utility. With Net Metering you send power to the grid and watch your meter spin backwards as you trade electric with the public utility.
Most electricity is generated by burning coal that emits pollutants into the atmosphere. Solar electricity comes from a clean and renewable source—the sun.
Hedge Against Rate Hikes.
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system to ensure that it is producing at its highest most efficient capability. Installation Expertise. There is a solar expert standing by ready to come to your home determine your energy needs with a free consultation. In addition, our install teams are electrical and solar experts so you can be confident that with Spectrum you are in good hands. Property Value. Solar is a smart upgrade that makes your home more desirable and valuable.
Offset energy prices and unpredictable rate hikes by generating your own free power for decades. If these benefits make sense to As you can see in the Rising price of electricity in New Jersey over the past 10 years you, it is your time to make graph to the right, New the switch. It is your time to Jersey’s rates are Go Solar! Reliable Power. increasing dramatically every year. By switching to solar you are All of our solar panels are backed Please call us at (609) 261-0760 or locking in your rate on the power with a 25 year guarantee. With by requesting an evaluation that you produce. online at SolarbySpectrum.com Spectrum we will monitor your Spectrum News October 2012
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Who do I call?
Spectrum Energy, Inc. contact information Office Receptionist: Office (609) 261-0760 Fax (609) 261-8959 gbroughton@solarbyspectrum.com
To Request Information: www.SolarbySpectrum.com
For Company Information: Steve Office (609) 261-0760 smurtaugh@solarbyspectrum.com
To Schedule an estimate: Office (609) 261-0760 info@solarbyspectrum.com
For Technical and Product Support: Dan Direct (609) 784-2762 Office (609) 261-0760 deubank@solarbyspectrum.com
Spectrum Energy, Inc. 13 Fenimore Road Lumberton, NJ 08048
Spectrum Energy, Inc. 13 Fenimore Road Lumberton, NJ 08048 Phone: (609) 261-0760 Fax: (609) 261-8959 www.SolarbySpectrum.com