Monmouth County positioned itself at the head of New Jersey solar energy development in 2010. The Monmouth County Board of Chosen Freeholders partnered with a solar developer to install panels at 5 county locations, making Monmouth the state leader in clean, renewable energy. Not only is the county saving $3 million dollars over the course of the 15 year purchase agreement, but the buildings are getting new roofs and jobs are being created. Notably, Monmouth County did not incur any debt to finance this project.
Monmouth, being the closest county to New York City, has experienced huge increase in living expenses over the past few years. New Jersey solar incentives make solar installations are a popular alternative to the ever increasing monthly electric bill. Monmouth County’s residential and commercial customers are mainly served by Jersey Central Power. Dedicated to developing New Jersey solar energy projects, JCP&L currently supports the state’s ambitious RPS through the installation of 42 megawatts of solar power capacity by 2012. This is enough energy to power 32,000 homes! Through long-term contracts to purchase and sell Solar Renewable Energy Certificates (SRECs), JP&L is able to provide stable financing for their customers’ solar generation installations. Paired with New Jersey solar rebates, solar photovoltaic panels are becoming much more affordable.
Just last year, Anova Energy Solutions, one of many New Jersey solar companies, installed Monmouth County’s largest solar installation to date. The Meridian Center Solar Plant, located in Eatontown, New Jersey, produces 830,000 kWh of energy annually. This plant contains 25 mini systems spread over the roofs of 4 buildings in the Meridian Center Business Park. Not only are business owners using their rooftops as a new revenue stream, but they are attracting environmentally conscious tenants.
If you live in Monmouth County and are interested in residential solar or commercial solar, let us know and we’ll get you connected to a local installer right away!