PSE&G solar programs receive industry award

subscribe

PSE&G has been recognized by the solar industry for its game-changing innovations to expand the solar market that are models for replication around the country. The national award was presented at the PV America conference in Philadelphia.

The company received an Industry Innovation award from the Solar Energy Industries Association (SEIA) to honor a company that is at the forefront of efforts to expand renewable generation and reduce carbon emissions. SEIA is the national trade group that represents the U.S. solar energy industry.

PSE&G was recognized for its efforts to help achieve New Jersey's aggressive Energy Master Plan goals to reduce projected energy use and generate 30 percent of its electricity from renewable sources by 2020, including 1800 megawatts of solar energy generation.

"By thinking innovatively and challenging the status quo, PSE&G is maximizing the potential of existing renewable energy incentives to break down barriers for consumers wanting to install solar while growing the economy and creating jobs," said Rhone Resch, SEIA president and CEO.

"It may seem surprising for New Jersey to be moving faster than some other states that have more sun and greater space than we have available," said Ralph LaRossa, president and COO of PSE&G. "But we expect New Jersey to become a hot market for solar manufacturers, developers and installers and we are pleased that the solar industry has recognized our programs and our efforts to expand the market."

"Renewables including solar will go a long way toward helping us meet the nation's goals for energy and carbon reduction. At the same time the rapidly expanding solar industry will create much needed jobs," LaRossa added.

Under PSE&G's Solar Loan Program, approved by the New Jersey Board of Public Utilities (BPU) in 2008, the company is investing $105 million over two years to help finance the installation of 30 MW of solar systems for businesses and homeowners. The commercial and industrial segment of the program is fully subscribed at 28 MW and the utility has submitted an application to the BPU to expand the program by an additional 40 MW. To date, loans totaling $10.5 million for 2.8 MW of solar capacity have closed and are in service.

The company was also recognized for its Solar 4 All program which, if approved by the BPU, would provide a $773 million investment for 120 megawatts of solar power to customers throughout its service territory. The utility would own and operate the grid-connected solar energy systems, collaborating with developers and manufacturers to develop the projects. SEIA found particularly innovative PSE&G's plan to install solar devices on 200,000 utility poles and street lights in its service territory, bringing the benefits of solar to all its customers.

Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability. PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (PEG), a diversified energy company.

Related News

ontario-launches-largest-competitive-energy-procurement

Ontario Launches Largest Competitive Energy Procurement in Province’s History

ONTARIO - Ontario has recently marked a significant milestone in its energy sector with the launch of what is being touted as the largest competitive energy procurement process in the province’s history. This ambitious initiative is set to transform the province’s energy landscape by fostering innovation, enhancing reliability, and addressing the growing demands of Ontario’s diverse population.

A New Era of Energy Procurement

The Ontario government’s move to initiate this massive competitive procurement process underscores a strategic shift towards modernizing and diversifying the province’s energy portfolio. This procurement exercise will invite bids from a broad spectrum of energy suppliers and technologies, ranging…

READ MORE
china electric bus

Why electric buses haven't taken over the world—yet

READ MORE

Macron: France, Germany to provide each other with gas, electricity, to weather crisis

READ MORE

utility hard hat

Hydro One bends to government demands, caps CEO pay at $1.5M

READ MORE

nrc power plant

US NRC streamlines licensing for advanced reactors

READ MORE