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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (139865)	8/7/2008 4:59:43 PM
From: dealmakr	Read Replies (1) \| Respond to of 306849

Hi Yogi Here is the clip from that article about REC's "Michael Mercurio, the president of Island Wind, a clean-energy consulting firm in Long Beach Island, N.J., is one of the pioneers. He currently has a solar energy production system on his home's roof and is about to install a small-scale wind turbine generator. "I don't make money from the sale of [the energy back to the grid or to the utility company], but from the renewable-energy-credit side of it," says Mercurio, who expects to make about $2,820 in total RECs this year, or $235 per megawatt hour he produces." In NJ you can only install a solar or other system for your residence that produces enough power to offset what you consume. The REC program is where the additional dough comes in. You can look around the web to see additional info about what other states are doing. I kick myself for not doing the same thing as this guy about 3 years ago when NJ was rebating 70% of cost. I did install a solar hot water system last year that is now paying for itself with less oil used to make hot water, payoff should take about 4 years with heating oil @4.00 Here is the link to the state of NJ website about what is going on; njcleanenergy.com regards, dealmakr