Mar. 2, 2011 (PR Newswire) --
SOMERSET, N.J., March 2, 2011 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) today marked the completion of a rooftop solar installation at the utility's Central Division Headquarters in Somerset, NJ. The 0.9-megawatt system is one of six large solar systems PSE&G is erecting on company-owned properties as part of its $515 million Solar 4 All™ program.
"The Central Division solar system shows why it makes sense for PSE&G to be an active player in New Jersey solar development," said Al Matos, PSE&G's Vice President – Renewables and Energy Solutions. "By building these systems on PSE&G-owned property, leveraging our knowledge of the electric system and putting our project management skills to work we have installed a large amount of solar capacity in a very short time and in a very cost effective way with little impact to customers."
"Through our Solar 4 All program, we have added over 35 megawatts of solar capacity in the state in a little more than a year," Matos said. "These projects have helped provide stability to the state's solar market and have made New Jersey a center for renewable energy in the United States."
The Solar 4 All program is a cost effective way to develop solar energy. The financial benefits – federal tax investment credits, sale of the energy and capacity to PJM and the solar environmental credits (SRECs) are returned to PSE&G electric ratepayers, which reduces the cost of the program.
The Central Division Headquarters solar system is comprised of all U.S. made panels: 648 traditional crystalline solar panels and 4,180 Solyndra® cylindrical thin film solar panels. These advanced technology panels are capable of converting direct, diffuse and reflected sunlight into electricity by capturing sunlight across a 360-degree photovoltaic surface.