Location: Old Bridge, New Jersey
Completed: September, 2010
Number of Solar Panels: 44
Products: SunPower® 230-watt solar panels
Eliminates $1,960 per year in energy costs
Earns $7,040 per year from Solar Renewable Energy Credits
Saved $21,252 in government incentives
Will realize ROI in less than 5 years
Reduce CO2 emissions by 15,385 pounds per year
Solar Energy World’s expertise as Maryland’s smarter solar panel solutions provider has made us a trusted resource for many families outside of Maryland, too.
In May 2010, the Carretero family in Old Bridge, New Jersey, contacted Solar Energy World to learn more about solar and the New Jersey solar market.
The Carreteros knew this was an investment with a pay back better than Wall Street so it was an easy decision to “go green”. They invested in a 10.12 kW SunPower® solar energy system. To sweeten the deal, the Carreteros also received a 30% federal tax credit.
The SunPower system includes 44 – 230watt panels with Enphase microinverters – making this one powerful system. In this configuration, panels are linked to a microinverter to maximize the energy harvest of the panel. A traditional configuration would link several panels together in a series connected to one inverter located usually in the home near the electrical box.
Due to this individualized “panel harvest,” Enphase claims you will see anywhere from a 5%-25% gain in power output when compared to a string inverter configuration.
This option allows the Carretero family to save $1960 in utility costs per year.
Additionally, the homeowner will generate approximately 11 Solar Renewable Energy Credits per year. SRECs are credits earned per 1,000 kWh of electricity generated from solar systems that are then bought by utility companies in order to meet the requirements of New Jersey’s Renewable Portfolio Standard.
New Jersey’s SREC system is second in the nation only to California.
The Carreteros solar energy system is equivalent to removing CO2 emissions from 925 gallons of gasoline per year. This family now has more money in their pockets while also making a wise contribution toward environmental stewardship.