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PA SREC (SAEP) VALUES HINGE ON HB 2405
HOUSE VOTE ON TUESDAY 6-22 –
CALL YOUR PA REP TODAY!
If you own a solar power system, or are considering a solar system, or if like most Americans, you are simply an advocate of solar power, PLEASE CALL YOUR PA HOUSE REP TODAY!
On Tuesday, the PA House will vote on HB 2405, which will materially increase the value of RECs of (Renewable Energy Credits) in Pennsylvania. RECs are tradable credits that provide a secondary cash flow to solar power system owners. As the popular and successful PA Sunshine Rebate program approaches full subscription, the Solar REC values will become even more critical in broad adoption of solar power in PA.
If you already own a residential system of 8 kW, for example, passage of 2405 would mean additional SREC payments to you of about $900 per year, based on our current SREC market analysis. If your system is a 200 kW commercial system, HB 2405 could mean an additional $22,000 per year in SREC payment direct to you!
It is not just about dollars for solar system owners, however. HB 2405 is an exemplary economic engine and a driver of jobs that is NOT funded by taxes. Click here for access to a detailed independent analysis of the Bill's potential impact.
In light of the great success of the PA Solar programs in general, and the catastrophe in the Gulf of Mexico, it is hard to understand how a balanced and important bill like HB 2405 could be anything but a shoe-in. But there is organized opposition to the bill, mostly from the coal and oil industries who cannot see its "win-win" basis. Tuesday's vote will be close.
Your PA Rep could be the deciding vote. Your call TODAY, could be the tipping point. All we need is a simple and short call from you, expressing your support for HB 2405.
For a list of PA House Reps and their phone numbers, please click here (enter your zip in top right corner to find your Rep.)
For more information on the PA SREC/AEPS program, click here.
For more information on the key points of HB 2405 click here.
MERCURY HONORED AT
PA'S 1000TH SOLAR REBATE AWARD
MERCURY/EOS CUSTOMER THE 1000TH REBATE RECIPIENT
Eos/Mercury customer Sally Kauffman was honored by PA DEP Secretary John Hanger on June 3rd at a press conference. The Secretary award Ms. Kauffman with a $10,800 rebate check for the system Mercury/Eos designed and installed earlier this spring. Pictured above (left to right) are Ms. Kauffman, Sec. Hanger, Andrew Kleeman and Scott Milne of Mercury's Philadelphia office.
The award coincides with the One Year Anniversary of the wildly successful PA Sunshine Rebate program. Sec. Hanger noted that "Alternative energy will be a key to Pennsylvania and the nation's ability to grow its economy…. PA Sunshine has been instrumental in generating interest in green energy deployment and is a driving force in helping to turn that interest into reality."
Mercury's PA General Manger, Andrew Kleeman added that "The PA Sunshine Program has been the major catalyst in growth of the PA Solar industry and it is directly responsible for 15 new career positions in our office alone."
To read more, click here.
MERCURY TEAMS WITH THE DVIRC AGAIN
JOIN US FOR A JULY 15 UPDATE ON COMMERCIAL SOLAR FINANCING
Mercury Solar Systems is again teaming with the DVIRC (Delaware Valley Industrial Resource Center) to Present Commercial Solar Economics. Please join us July 15 at the DVIRC, 2905 Southampton Road, Philadelphia, PA 19154 from 8:30 am to 10:30 am. This session will focus on finance tools for commercial solar investments in 2011, including updates on the status of each of the primary state and federal programs. The program is free.
To register, contact David Richman, drichman@eosss.com. Learn more about the DVIRC and its suite of services at www.DVIRC.org
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MERCURY STAFF GROWS BY SIX
With a full time solar staff of more than 120 in four states, we are still growing. Backed by a team of experts in engineering, permitting, and finance, Mercury is your turn-key answer to the solar puzzle. This month, we are proud to announce six new Philadelphia-based team members:
Andy Horning
Senior Project Manager
Andy is a LEED accredited Civil Engineer with more than 15 years of project management experience. He joined Mercury to execute the completion of a portfolio of public and private sector commercial projects, totaling more than 1/2 MW in total project size – all of which is to be constructed in the balance of 2010. Andy brings direct experience to Mercury from some of the most respected construction names in our region: The Hankin Group, Intech Construction, and Barclay White Skanska. Andy is a graduate of Lehigh University. Contact Andy.
Robert Lamendola
Special Projects Director
Rob joined Mercury to augment both technical and financial services depth to the Philadelphia team. Rob holds an Engineering degree from Villanova University and an MBA from the Fox School of Business at Temple University. He also holds technical credentials in solar design and house energy efficiency. Rob's current focus is on development of several public sector solar projects now in the planning phase, and oversight of the Philadelphia office accounting functions. Contact Rob.
Paul Deery
Technical Sales
Mercury is proud to have Paul join the Philadelphia-based team, with his deep background in technical sales – most recently with Urban Eco Electric and prior to that from within the automotive industry. Paul is currently developing both commercial and residential projects. Paul is a graduate of LaSalle University. Contact Paul.
Cierra Kozlowski
Permitting
Cierra Kozlowski has joined the team in a full time permanent capacity. Many of our existing customers already know Cierra through her permitting, rebating, and interconnection stewardship of dozens of our solar projects in the past few months. Contact Cierra.
Gina Sacco
Controller
Gina, an experienced controller in multiple industries, joined Mercury to systematize the local accounting functions of the rapidly growing Philadelphia office.Contact Gina.
Moussibaou Kassali
PV Installer
Moussi began his apprenticeship with Mercury upon completion of training at the Maxwell Education Group, as one of the first graduates of Maxwell's new and much heralded Solar Training program. Contact Moussi.
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