Report: New Jersey, Pennsylvania solar power is bargain for consumers

Facebook
Twitter
LinkedIn
Reddit
Email

A report by Clean Power Research for the Mid-Atlantic Solar Energy Industries Association (MSEIA) and the Pennsylvania Solar Energy Industries Association (PASEIA) found that the states of New Jersey and Pennsylvania deliver some of the most cost friendly solar power to consumers.

The study found that the two state’s delivery of solar power to the electric grid exceeds its costs by such a wide margin that consumers are able to reap more benefits. The solar power is said to deliver a total levelised value ranging from US$256 to US$318/MWh.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The range includes a premium value ranging from US$150 to US$200 per MWh, more than the value of the solar power generated. The solar renewable energy certificates (SREC) in New Jersey cost nearly US$60/MWh and US$20/MWh in Pennsylvania.

Clean Power Research looked at the value of modest solar penetration (15% of utility peak load) in Pittsburgh, Harrisburg, Scranton and Philadelphia, Pennsylvania and in Newark, Atlantic City and Jamesburg, New Jersey.

Dennis Wilson, president of MSEIA noted that the study’s results signified ratepayers in the region are receiving more than a two-to-one return on their investment in solar. He noted that MSEIA’s analysis further demonstrates that SRECs can escalate in price, while still providing net benefits and solar progression.

The full report can be found here.

Read Next

June 30, 2025
US clean energy developer Clearway Energy Group has received corporate credit facilities over US$1 billion.
June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 27, 2025
The UK government has decided it will not sign a Contract for Difference (CfD) with Xlinks for the 11.5GW Morroco-UK interconnector project.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico