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Aberdeen goes solar, aims to soak in savings

Asbury Park Press -- A $2.9 million solar project, which is expected to cut the township government’s annual electric bill by half, will be completed by the end of September.

The township is financing the project, which has placed solar arrays on township buildings through a 15-year, power-purchase agreement.

The township is joining a growing number of homes, businesses and government agencies that are turning to the sun for power. According to the state Clean Energy Program, 17,132 homes and businesses have installed a solar energy program as of July 31, which generated a total of more than 852 megawatts of energy since 2001.

Over the next 15 years, Aberdeen should achieve a savings of approximately $750,000 or more, Harris said.


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Submitted Sep 17, 2012 By: MidNJ
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Aberdeen goes solar, aims to soak in savings Post a Reply Back to Topics
REPLIES (newest first)
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bart_reed
Champion Author Los Angeles

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Message Posted: Sep 18, 2012 6:52:43 AM

A smart investment.
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52MPG
Champion Author Dayton

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Message Posted: Sep 18, 2012 5:34:24 AM

Not financially viable.
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TustinDad
Champion Author Orange County

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Message Posted: Sep 18, 2012 12:51:19 AM

ghmortensen wrote: "It's amazing, looking thru the comments that only about 1 person in 10 actually realize that Aberdeen is spending almost 4 times the money up front than they will get back over the next fifteen years! The only way this will pay off for the citizens of Aberdeen is if they are getting most of the money for the project from the state and/or federal governments (and that means that all the rest of us are paying for Aberdeen's electic use)!"

What's really amazing is that 9 in 10 read the article, comprehended what they read and went on. Unfortunately, you are not in that category.

Here is what it reads:

"Under the power purchase agreement, Nexus finances, constructs, maintains and owns the solar energy system. It then sells the electricity at a reduced cost to the township government.
“There are no upfront costs. We get all the benefits without the expenses,” said township Manager Holly Reycraft."

Sooo, there is NO installation cost and NO maintenance cost for the township. The listed saving is just that, SAVING. Try to read and comprehend next time, please.
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MidNJ
Champion Author New Jersey

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Message Posted: Sep 18, 2012 12:27:00 AM

Sailfree,

As previously stated;

"Sure do wish that those who criticize the savings would read the whole article, not just the snippit."
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sailfreeMI
Champion Author Michigan

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Message Posted: Sep 17, 2012 9:34:10 PM

Hmmmm.....$750,000 savings in 15 years, only 60 years to break even.....
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lucky69
Champion Author Austin

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Message Posted: Sep 17, 2012 9:28:56 PM

good to hear.
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PDQBlues
Champion Author San Diego

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Message Posted: Sep 17, 2012 9:19:37 PM

"Over the next 15 years, Aberdeen should achieve a savings of approximately $750,000 or more, Harris said."

Let that be an incentive for more towns to go solar.
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CapriceWagon
All-Star Author Washington

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Message Posted: Sep 17, 2012 7:29:05 PM

Good luck with that
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MidNJ
Champion Author New Jersey

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Message Posted: Sep 17, 2012 7:01:51 PM

Sure do wish that those who criticize the savings would read the whole article, not just the snippit.
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condé
Champion Author Michigan

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Message Posted: Sep 17, 2012 4:16:44 PM

Sure just like everyone else going solar!!!
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Cheepo
Champion Author Tampa

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Message Posted: Sep 17, 2012 2:49:42 PM

Still too much money!!!!!
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1OILMAN
Champion Author Alabama

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Message Posted: Sep 17, 2012 2:39:03 PM

They just got bamboozled. Never, ever pay for itself. It is a big loser.
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Agarre
Champion Author Richmond

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Message Posted: Sep 17, 2012 1:57:24 PM

lets see
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RoadKing95
Champion Author San Jose

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Message Posted: Sep 17, 2012 1:38:00 PM

PithyOpiner - in penciling it out, did you check out the solar companies that wii do the same as Nexus is doing for this NJ township? I've seen a lot of solar companies in California that will do the install, maintenance and all for no upfront cost to you. They own it all, and you get the reduced electric bill. They take the risk, and you share in the reward.
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RoadKing95
Champion Author San Jose

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Message Posted: Sep 17, 2012 1:30:30 PM

ghmortensen, 96sc1, and all the rest below who prove they didn't bother to read the article or just can't comprehend, read the following from the article;

>>Benefits without expenses

Under the power purchase agreement, Nexus finances, constructs, maintains and owns the solar energy system. It then sells the electricity at a reduced cost to the township government.

“There are no upfront costs. We get all the benefits without the expenses,” said township Manager Holly Reycraft.<<
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momster1
Veteran Author Wisconsin

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Message Posted: Sep 17, 2012 1:17:32 PM

Solar and wind
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snappytom2
Champion Author Corpus Christi

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Message Posted: Sep 17, 2012 1:10:08 PM

The oil, gas, and coal big boys are not going to like that.
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skybiker
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Message Posted: Sep 17, 2012 12:37:35 PM

Hope they don't leak like mine did ..failed after only 3 years..
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mageetp
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Message Posted: Sep 17, 2012 12:36:48 PM

When do they expect to start saving money ?
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ghmortensen
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Message Posted: Sep 17, 2012 12:30:52 PM

It's amazing, looking thru the comments that only about 1 person in 10 actually realize that Aberdeen is spending almost 4 times the money up front than they will get back over the next fifteen years! The only way this will pay off for the citizens of Aberdeen is if they are getting most of the money for the project from the state and/or federal governments (and that means that all the rest of us are paying for Aberdeen's electic use)!
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96sc1
Champion Author El Paso

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Message Posted: Sep 17, 2012 12:25:54 PM

So the township is "financing" a project (i.e. charging taxpayers) which costs $2.9 million to save $750,000 over the next 15 years. If I were a taxpayer, I would be very angry.
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bullfrog69
Champion Author Texas

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Message Posted: Sep 17, 2012 12:22:25 PM

Whos savings, Our savings?
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WestMichigan
Champion Author Grand Rapids

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Message Posted: Sep 17, 2012 12:19:20 PM

Wow, spend $2.9 million to save $750,000. That makes sense.
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PithyOpiner
Champion Author Stockton

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Message Posted: Sep 17, 2012 12:17:00 PM

I would do it on my home if it only would pencil out to be a savings in the near term. But, all my calculations indicate it is not much of a cost effective endeavor right now.
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jamofsocal
All-Star Author Los Angeles

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Message Posted: Sep 17, 2012 12:13:17 PM

They should also look at Dow Solar Shingles for some of their buildings to help augment the solar panels.
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svspyda
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Message Posted: Sep 17, 2012 12:13:09 PM

fine
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SaraiM
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Message Posted: Sep 17, 2012 12:12:18 PM

Sounds good!
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murp1335
Veteran Author Texas

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Message Posted: Sep 17, 2012 12:12:13 PM

great
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oldforger
Veteran Author Calgary

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Message Posted: Sep 17, 2012 12:10:16 PM

good
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btex49
Champion Author Austin

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Message Posted: Sep 17, 2012 12:10:04 PM

Good... I hope it works there and that it will work other places that have the courage to step forward.
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Double_Golden
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Message Posted: Sep 17, 2012 12:08:25 PM

a $3 million solar project only saving of approximately $750,000 or more, do they know how to do any "MATH" , LMAO...
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seahawks
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Message Posted: Sep 17, 2012 12:08:18 PM

that is great for them!!!
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Thadius330
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Message Posted: Sep 17, 2012 12:06:59 PM

Good for them
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dieselme2011
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Message Posted: Sep 17, 2012 12:06:34 PM

ok
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Settjec
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Message Posted: Sep 17, 2012 12:04:45 PM

ok
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windows7isfast
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Message Posted: Sep 17, 2012 12:04:34 PM

wow
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briinnc
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Message Posted: Sep 17, 2012 12:02:43 PM

Hope that's not Aberdeen in Scotland, the sun's a sight as rare as a Scotsman wallet when it's time to buy a round.
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fireman13
Sophomore Author Milwaukee

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Message Posted: Sep 17, 2012 12:00:04 PM

Lets see we spend 2.9 million to save .75 million hum, what a bunch of horse hockey. No wonder goverment is so messed up.
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MikeMotorhead
All-Star Author Detroit

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Message Posted: Sep 17, 2012 11:58:08 AM

Hope it work out.
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WGW1
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Message Posted: Sep 17, 2012 11:58:02 AM

maybe the rest of the country can take note
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dynamouse
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Message Posted: Sep 17, 2012 11:57:55 AM

if that's what they want great
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ramshot412
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Message Posted: Sep 17, 2012 11:57:35 AM

Great
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jpj23
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Message Posted: Sep 17, 2012 11:56:19 AM

How does this affect the rest of the country? I don't see why this is useful news.
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mrservonics
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Message Posted: Sep 17, 2012 11:55:28 AM

GREAT!!
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tco9436
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Message Posted: Sep 17, 2012 11:54:39 AM

Cool
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btcscoc1
All-Star Author Los Angeles

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Message Posted: Sep 17, 2012 11:54:35 AM

ok
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NanookAK
Champion Author Anchorage

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Message Posted: Sep 17, 2012 11:54:12 AM

Others should take the hint.
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JCI46009IN
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Message Posted: Sep 17, 2012 11:53:36 AM

Great & informative article
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INBwana
Champion Author Indiana

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Message Posted: Sep 17, 2012 11:52:17 AM


Go for it. Saving money is the way to go.
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ratones1
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Message Posted: Sep 17, 2012 11:52:02 AM

INTERESTING...
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