Pictorial Offset: Putting the Sun to Work

The system cost about $4 million in all, though the return on investment (ROI) is somewhat complex to compute, according to Donald Samuels. It was financed, in part, by Public Service Electric and Gas (PSE&G) and will be repaid through Solar Renewable Energy Credits (SRECs), which is New Jersey's state subsidy for green power. Additionally, Pictorial took advantage of the Section 1603 cash grants in lieu of tax credits for renewable energy offered through 2012 under the American Recovery & Reinvestment Act.