To the editor:

Every week I read Harry Hurley, Norm Cohen and Seth Grossman’s columns to get the different views that they each have. However, there is a correction I would like to make to Seth Grossman’s column on Feb. 3, 2012.

Near the end he mentions that for every $60 of electricity we solar panel owners produce, the electric company has to pay us $600. That might have been true in the past, but today that amount is now down to $200.

 

The electric companies don’t have to pay us any money if they don’t want to. However, they are required by the state to produce a certain amount of green energy every year. If they do not do that, they have to pay a fine. By buying the energy credits from us, they avoid paying that fine, which is about $700 per credit that they don’t produce.

So paying us for the credits saves them a lot of money by not having to build green energy plants and by not having to pay the fine. Which would he have them spend – $200 or $700?

Bill Povse

Absecon