Petra Solar
(located in South Plainfield, NJ) has a contract with New Jersey energy
provider PSE&G for $200 million to install 200,000 solar panels on
street light and utility poles in New Jersey's six largest cities and
rural and suburban areas. The energy created by the photovoltaic
panels will go directly to the grid. Estimated installation time for
each pole mounted panel is around thirty minutes. (They are hiring,
apply through the website.)
By using existing products and processes, the US can reduce carbon emissions by 1.1 gigatons and could save $1.2 trillion with an initial investment of $520 billion in home and business energy efficiency according to a study from McKinsey and Company. The Sears Tower and Empire State Building are undergoing energy retrofitting. Hospitals and medical centers can also benefit from making energy efficiency changes. Government stimulus spending on building energy efficiency will lead to more jobs too.
In order to cover the large up-front costs of reducing home energy usage through renewable energy installation and retrofitting, cities and counties are funding the project and then adding a tax on the home. Benefits to the home owner include reduction of energy bills, increased valuation, and being able to pass the added tax along to future homeowners if the home is sold. Other benefits include reduction of green house gas emissions, increase in local green jobs/careers and increase in local economies.






