New Jersery Offers Massive Commercial, Industrial and Multi-Family Solar Potential
The SREC Market is a Key Market Driver for the New Jersey Solar Market
The New Jersey Legislature is considering a plan (as of January 2017) which would fund SREC’s administered by the New Jersey Rate Council. The new legislation would support the SREC market there and drive the expansion of solar. It looks like this is happening and it will be very positive for the New Jersey solar market.
PACE financing has also been slow-going, but shold be up and running in 2017. MSL Group is actively developing commercial, industrial and multi-family solar projects in the state and we are optimistic that State-level suport for solar will remain intact.
MSL Group offers a new solar Power Purchase Agreement (PPA) for commercial, industrial and nonprofit clients looking to reduce electricity costs. Our PPA can cut electricity costs by anywhere from 10% to 30%. The greatest savings tends to be for customers served by Atlantic City Electric, where electricity rates are relatively high. MSL Group can help you reduce your annual electricity costs without any debt or up-front investment. Our PPA is entirely off-balance sheet. Our New Jersey solar PPA is geared towards small and medium-sized businesses. If you are already working with a solar contractor in the state of New Jersey, we are happy to provide a financing solution for your project. Contact Scott Licamele at Ext. 277 for more information