| Largest Single-Rooftop Solar Install Makes Atlantic City Sparkle |
| Written by Jaymi Heimbuch | ||
| Tuesday, 24 June 2008 | ||
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Pepco Energy Services is installing the panels, and is paying to be able to do so. They will then sell the energy created to the center via a 20-year power purchase agreement. Smart planning by Pepco since such large-scale photovoltaic investments are a tough sell and publicity like this is worth the cost of installation. This system will provide about 25% of the power needed to run the center, saving about $4.4 million over the course of the agreement. Construction is set to start just before the federal investment tax credit for solar expire – nice to see them hurrying to eek in under the wire. With big companies going green via purchasing power from alternative sources, power purchase agreements are a great way to get solar power up and running on large scales, without having to deal with the turn-off factor of installation investments. Should the ITC fail to be renewed, power purchase agreements could give all those on-hold projects a legitimate way-ahead. Via Earth2Tech, CNN; Photo via Anzman Consulting
Comments
(3)
Federal Investment Tax Credit
written by The Food Monster , June 24, 2008
Great Article
written by Vehicle Transport , June 24, 2008
Very interesting post. This was the first I've heard of this : ]
Thanks for sharing!
Monopoly
written by Clinch , June 24, 2008
What's with the Monopoly house with the solar panel? Are they planning on releasing an eco version of Monopoly? That would be awesome.
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Science, technology gadgets and...baby seals. We're in a bit of an eco-mess, but we've got the brains to lick any problem. And that's why EcoGeek.org publishes up to ten stories daily about innovations that are saving the planet.
And if that sounds interesting to you, then congratulations, you're an EcoGeek.
It sounds like getting a solar installation done on your rooftop is hard enough with the Federal Investment Tax Credit, once it expires, there will be less incentive. The gov. needs to come up with something to encourage more renewable energy plans.