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PSE&G US$773m solar programme investment

The New Jersey utility Public Service Electric & Gas Company (PSE&G) plans to invest US$773 million to add 120 MW of utility-owned photovoltaics (PV) within its service territory.

PSE&G's Solar 4 All plan includes a four pronged approach: adding PV panels on up to 200,000 utility poles; installing small rooftop PV systems on government facilities; installing large-scale solar power plants on utility property, brown fields, and underutilised real-estate; and, installing systems on affordable housing developments.

The Solar 4 All programme is one of many large-scale utility-driven solar projects and programmes that the Solar Electric Power Association (SEPA) anticipates to be rolled out this year as a result of changes to the federal solar Investment Tax Credit (ITC) instituted in October 2008 allowing investor-owned electric utilities to utilise the federal ITC for solar electric projects.

"Utility access to the federal solar investment tax credit will significantly change the pace for solar electricity adoption by the traditional utility power sector," says Julia Hamm, SEPA Executive Director.

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