Is wondering why Ohio is slow in solar?

Ohio has less sunny days then any other state in the union!

True, but not much different than NY,NJ,PA. All kinds of developments there and surrounding states.Are you aware of Germany's weather?

Im very familiar with this organization. Maybe I will spend more time with them in the New Year! Merry Christmas.

NJ has the best tax and renewable energy credits in the USA. They decided to get in front of this. Pa is about to match and so is Rhode Island. Even with less sunshine days, these incentives drive the investors. I'm in Texas. We have much more sun days, but the State has put the higher incentives into Wind energy production. Thus slow solar developemnt. Look at Europe. Spain and Greece have even higher incentives that in the USA. That is why they are moving faster.

The interest in solar pv is set to take off in Ohio. The State already has a rebate program that is available. And their SREC program is about to commence. Combining both of those incentives for suitable sized systems and we'll be offering paybacks of around 5 years and IRR > 15%.

Ok, so when you say SREC, what are you including besides traditional rebates?

Firstly, let's clarify some semantics:
SREC's are production credits; they're not a rebate.

All the states in the PJM Territory are developing their Renewable Portfolio Standards and Solar as a portion of that. Ohio has a solar RPS requirement of 0.01% for 2010. The compliance penalty is $400, so SREC's will trade for something below that.

Welcome to 2010!

Does that help explain it?

Basically, its a tradeable thing right? I was understanding this before but we all just want to be very clear on what's going on. Solar for 2010 looks great, let's get some going.. Ohio is pretty aggressive w the portfolio, so we shall see what the New Year brings!