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.
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.