cherrytree group llc logo

Cherrytree Group LLC Blog

RSS Grab the Cherrytree Group Real Estate Blog feed

Get e-mail notifications of new blog posts! Enter email address below.


Delivered by FeedBurner

 

New Jersey Completes 10,000 Solar Power Installations

Thursday, July 28, 2011

New Jersey set new single-month records for installed solar capacity and number of installations in June, according to the state’s Governor, Chris Christie.

The achievement brings the State’s installed solar capacity to more than 380 MW generated from over 10,000 solar arrays statewide, a new milestone.

“Reaching 10,000 solar installations in New Jersey demonstrates this Administration’s commitment to continue to promote and expand the state’s solar industry and is a critical element of our long-term energy strategy,” said Governor Christie.

“This ground-breaking achievement is the latest example of New Jersey’s leadership as one of the largest and fastest growing solar energy markets in the United States.”

New Jersey is second in the nation in both installed solar capacity and number of installations; only California has more.

New Jersey has 10,086 solar energy array projects installed across the state providing over 380 MW of installed capacity, due in large part to the State’s Solar Renewable Energy Certificate (SREC) Registration Program.

Projects

During June 2011 alone, 520 solar projects totaling over 40 MW of capacity were installed, representing the most projects and the largest amount of solar capacity installed in one month.

 “Solar energy is more than just a form of clean distributed generation. These projects provide an opportunity for the involved business to improve its bottom line and grow in New Jersey, stimulating economic development,” said Lee A. Solomon, President, New Jersey Board of Public Utilities.

Recognizing the critical nexus of environmental and economic benefits, Governor Christie has called for more solar projects on landfills and brownfields as an important element of his draft 2011 Energy Master Plan.

Last year, he signed legislation exempting solar panels from certain land use restrictions, identifying solar energy developments as an environmentally important land use.

Market
New Jersey had one of the strongest growth markets for solar energy installations in 2010 and in the first quarter of 2011.

For the first quarter of 2011, New Jersey installed 42 MW of solar, representing 49 percent growth over first quarter 2010. The state has primarily become a market for non-residential projects over 100 kW and most growth over the past few quarters has been in larger projects over 1MW.

In addition, New Jersey has the nation’s most robust and mature SREC market, along with the best availability for long-term SREC contracts, which make project financing much easier to obtain.

Solar energy—along with clean, in-state power generation from offshore wind, natural gas and nuclear, and new technologies such as alternatively fueled vehicles—is a key component of a greener, more affordable vision for New Jersey’s energy future,” said DEP Commissioner Bob Martin.

“The draft 2011 Energy Master Plan reinforces the Christie Administration’s commitment to promoting solar where it makes both environmental and economic sense, expanding implementation of commercial and industrial solar projects.”

Original article – Solar Energy News


Recent Posts


Tags

REITS Massachusetts depressed and booming markets Massachusetts Brownfields Tax Credits tax incentive deals geothermal community development entity Historic rehabilitation tax credits loaning money to consumers Massachusetts tax credits ITCs, MA sale of renewable energy credits capital finance real estate investment trusts, Boston tax advantaged development energy systems EB-5 Green Card Program financial incentives to develop real estate in MA CHAPA trash facility renewable energy credits investments developing real estate in MA community block grants solar energy credits film tax credit, Boston cleantech capitals tax advantages, Boston foreign investment Quincy Broad Medows Salt Marsh developing real estate, MA cleantech wind farm development ITCs Business Financing real estate, Boston investing in apartments, MA distressed asset investment fund, ma Housing Development Incentive Program federal tax credits financing solar installations RAO solar projects business solar investment tax credit economic growth construction ITC, Boston renewable energy jobs renewable energy, Boston Broad Medows Salt Marsh massachusetts non-profit distressed asset sales renewable energy tax credtis, Boston sydicator of tax credits NYC tax credits film tax credits, MA weak economy capital raising questions, MA private equity' midterm elections distressed asset investing converting tax credits to cash, MA Summertime Economy in Boston Plymouth, MA Austin private investments partial equity participation investing in commercial real estate solarize Massachusetts debt-service production tax credit Massachusetts brownfields tax credits, MA renewable energy, MA San Francisco Federal Historic Rehabilitation Tax Credit green energy projects large capital projects gasoline price fixing brownfield redevelopment, CT develop renewable energy systems Brownfields tax credt, MA PTC tax-excempt bonds business loans tax credit broker residential real estate Kirshenbaum Real Estate historic rehabilitation credits tax incentives tax credits production tax credtis, Boston federal new market tax credits tax credits for wind power, Boston capital funding disaster relief, Boston renewable energy tax credits, MA how REITs works cherrytree group llc private equity offerings venture development capital MA community development development in Massachusetts federal low income housing tax credit new normal LIHTCs energy companies tax credits on brownsfields gasoline market manipulation multi-family apartments Boston Marathon solar investment tax informational technology Housing Development Incentive Program, Quincy renewable energy grants thayer morgan thayer morgan interivew environmental remediation market rate housing tax credit, MA build a wind farm wind incentive making money with commercial real estate solar energy community development financial institutions environmental remediation tax credits wind production tax credit wind engery tax credit, MA historic preservation tax credit renewable energy tax credits wind power technology solar pilot program business EPA brownfields grant money rehabilitation of historic buildings, Boston remedy operation status distressed asset investment small business loans RECs tax deductions historic preservation tax incentives, Boston borrowing by small businesses investment tax credits, MA commercial leases foreign investors real estate properties wind farm tax credit Historic tax credits, RI tax credits to fix up historic buildings monstrous oil spill new housing developments banking real estate development private equity motion picture tax credits real estate investment trusts solar investment tax credit wind energy tax credit marine and hydrokinetic, solar FERC disaster recovery assisstance, Boston biomass power real estate strategy list of brownfields sites non-renewable energy sources renewable energy tax credit brownfields tax credit investing in real estate in MA private sector investments REIT industry selling tax credits state film tax credits, MA brownfields solar capacity methods of renewable energy production rehabilitating historic buildings, Boston Warren Kirshenbaum low-income housing tax credits new markets tax credit program clean technology film credits, MA invest in real estate REIT investments monetization of ITC, Boston independent gas station owners LIHTC selling tax credits for cash economic development bill, MA credits Massachusetts brownfields tax credit historic tax credits, Boston federal investment tax credit commercial tax credits, Fall River Brownfields sites, MA real estate business asset commercial building tax deductions MA new market tax credits commercial buildings expensive to produce gas station loss of income tax credit to spur redevelopment RI historic rehabilitation tax credit tax incentives and credits BP Gas station owners tenant representative distressed assets EB-5 Massachusetts state tax credits movie tax credit state historic tax credits investment tax credtis, Boston multi-family construction biodiesel tax credits, MA expiring tax credits multi-family housing, MA new market credits tax credit programs HUD insured mortgages hedging transactions microturbines real estate investments wind energy tax credit, Boston tax credit consultant Brownfields credits real estate projects american recovery and reinvestment act solar farms investing in parking lots brownfields projects, Boston state tax credits development of the renewable energy industry commercial real estate in MA MA Brownfields tax credt small residential properties private equity offerings energy tax credits more control over financing costs examine tax credits visas for buying homes heat and power historic tax credit REAL program energy tax credit energy production Historic tax credits, MA deepwater horizon oil spill brownfields tax credit, MA new energy technologies destructive oil spill commercial tax credit program, MA traditional funding renewable resources power generation, MA capital visas for imigrants renewable energy funding distressed asset investment fund brownfields tax credits, Boston Massachusetts Contingency Plan tax credits, RI commercial real estate owners renewable energy projects QECBs renewable energy PTC, Boston tax deductions brownfields redevelopment renewable energy credit Louisianna solar energy properties rownfields Act private sector investment renewable energy program tax credit programs, New Bedford rehabilitate properties Gulf Coast victimized brownfields redevelopment, MA MGL Ch 21E real estate lawyer, MA invest in development projects LSPA, Boston REIT Brownfields tax credt program, Boston preservation of mills qualified energy conservation bonds Brownfields Tax Credits, MA renewable energy facility tax relief Former Getty owners commercial tax credts, Boston renovation projects negative environmental effect american symphony orchestra Brownfields sites solar energy development Commonwealth Solar Rebate Program renewable energy expensive to produce monetize a renewable energy tax credit, Boston brownfields tax credit, CT investment tax credit renewable energy development renewable energy tax credit, Boston solar ITC tax planning strategies power generation, Boston Historic Preservation Investment Tax Credit federal and state tax credits tax credit investments citizens housing and planning association commercial real estate historic preservation tax credit, Boston economy Seattle commercial real estate investments NIMBY not in my back yard news cleantech cities wind tax credits, Boston brownfields tax incentives, Boston alternative funding sources Massachusetts gas station owners Brownfields tax credit, Massachusetts tax credits for gateway cities, New Bedford production tax credit, Boston 40B credited with spurring upwards of 80% new development Massachusetts BTC, Boston wind power, Boston new market tax credit equity requirements equity investments energy efficient tax deductions workforce development rehabilitation alternate funding buy real estate, MA energy efficiency improvement projects The Cherrytree Group real estate investment, Boston wholesale acquisitions federal energy regulatory commission historic rehabilitation tax credit, Boston solar energy array projects private equity, MA office space urban redevelpment tax credt film tax credit money, MA landfill gas facility solar power project development asset stripping BP oil spill preservation of historic buildings developers, Boston, MA massachusetts BTC program, Boston investments in solar energy business investment hydro electric power fuel cells NMTC commercial properties tax breaks historic building tax credit, New Bedford historic and low income housing BTC program, Boston energy efficient property polluted sites tax credit, New Bedford Historic credits, RI brownfields redevelopment, CT Quincy, MA transfer of tax credits renewable engery credit, MA engery tax credit, MA rural energy for america program brownfields tax credit, Boston EB-5 Regional centers tax advantages offshore wind tax credit sydication investment into business converting tax credits to cash Housing Development Incentive Program, MA commercial real estate attorney Fim Tax Credits tax credits, Boston Massachusetts Ballot Questions, Question 2 Explained affordable housing small business raising capital, MA RECs, MA Massachusetts film tax credit investing in commercial real estate, Boston wind energy credits recession historic preservation tax credits, Boston BTC, Massachusetts Massachusetts brownfields tax credits, Boston state and federal tax credits, Boston green energy wind power brownfield cleanup program fuel cell initiatives building improvements tax credits for development outsourcing solar power initiative investing in surface parking lots portability of tax credits Cape Cod commercial real estate lawyer deduction for energy efficient buildings Tax Credit brownfields, CT solar system Historic tax credits non-bank resources for capital funding commercial tax credits, Lowell Historic rehabilitation tax credits, MA renewable energy industry oil spill tax credits to help economy commercial historic rehabilitation tax incentives, Boston sources of funding global energy demand real estate deals historic remediation, MA real estate attorney BTC, Boston new market solar energy production borrow money what is Brownfields tax credit, Boston Chicago solar energy markets brownfields tax credits Massachusetts tax credit program tax credits for environmental clean up, Boston historic rehabilitation tax credits, Boston Brownfields Act, MA renewable energy incentives brownfields projects, MA Cape Wind Massachusetts historic rehabilitation tax credit extending Brownfields tax credit, Boston commercial tax credit attorney contractors, Boston, MA new markets tax credits federal tax Credit income tax credit laws of Brownfields business capital Chapter 40B explained capped landfills extension of BTC, Boston capitalism renewable energy tax break film tax credit commercial tax credits, MA market rate program, MA wind energy credit the difference between tax credits and tax deductions multitude of renewable resources 1603 Grant solar initiatives Massachusetts Brownfields tax credit, Boston SREC solar installations financing permitting procedure biomass facilities film tax credit incentives boycotting BP gas stations investing in surface lots Transactional Law Group sale of a tax credit hydro power wind tax credit syndication restoration projects brownfields Credits, MA finance secure capital state tax credits, MA largest accidental marine oil spill monetizing your tax credits venture capital construction jobs wind subsidies investment tax credits equity solar renewable energy credits capital line funding real estate attorney, ma Kirshenbaum Law, Cherry Tree, LLC, Real Estate, MA SRECs real estate lawyer historic property preservation, Boston Brownfields Act, economically distressed areas, Massachusetts Brownfields Tax Credits, Massachusetts Contingency Plan, MGL Ch 21E, RAO, remedy operation status, renewable energy, sale of tax credits, tax advantaged development, tax credit syndication, tra commercial energy tax deductions downturn build green American Recovery and Reinvestment Act of 2009 - Section 1603 Rhode Island geothermal power clean energy credit line funding Brownfields programs 1603 Treasury Grant buy commercial real estate, MA low-income neighborhoods commercial tax credits brownfields, MA Boston engery credit, MA environmental projects Brownfields tax credt, Boston sale of tax credits investors in renewable energy economics of environmental projects foreign capital capital requirements New Markets Tax Credit, Boston REITs, Boston Chapter 40B vote results renewable energy certificates historic rehabilitation, Boston LIHTC tax credits credit for income producing properties real estate Brownfields tax credit program, Boston renewable energy tax credits, Boston San Jose brownfields laws economically distressed areas federal government invest solar power development wind tax credit tax credits speaker series commercial real estate investment low income housing tax credits new york pops Brownfields program, Boston free up capital Brownfields tax credt commercial tax credits, Boston Martha's Vineyard hydro energy production declining property values commercial tax credits, New Bedford historic rehabilitation investing in apartment projects, MA money lending private equity offerings, ma residential properties economic slump new markets new markets investments The Transactional Law Group - MA Historic credits value-added services investment objectives new market program obtaining capital invest in commercial real estate solar power Fim Tax Credit revenue infrastructure investment cost of producing renewable energy wholesale energy commercial tax credit renewable energy credits, MA sustainable technology renewable tax credits, Boston Commercial Real Estate Loan Amortization Periods devastating environmental damage community rehabilitation green standards solar facilities

Archive

Disclaimer

This Blog is made available by the lawyer publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.