Public Service Electric & Gas will build four large solar farms in New Jersey that could generate enough electricity to power 1,300 homes, the utility announced today.
Construction on the $50 million project is scheduled to begin this spring at sites owned by the utility in Edison, Hamilton, Linden and Trenton. J. Fletcher Creamer & Son, of Hackensack, will build the 2 megawatt solar farm in Edison. It will involve installing 8,500 panels on 5.7 acres.
The projects are part of PSE&G’s $515 million investment in solar over the next three years that will increase electric bills by 10 cents a month on average. The utility is also installing solar panels on more than 200,000 utility poles across New Jersey.
http://www.northjersey.com/news/environment/010610_PSEG_to_build_four_solar_farms_in_NJ.html#comments
$50 million and it's only going to power 1300 homes? That's about $390,000 per home. Doesn't seem practical. The math can't be correct.
ReplyDelete