"Two solar energy farms owned by Marlboro’s Water Utility Division are expected to once again generate cash, in addition to electricity, for the municipally controlled entity.
While the two solar panel fields have reduced the cost of the water utility’s operations by about $150,000, the farms also yield SRECs, which can be sold to energy companies to satisfy state quotas related to the production of solar energy, township Business Administrator Jonathan Capp wrote in a memo.
'The impact of solar generation relative to water rates charged to customers has been substantial,' Capp said of the combination of monetary savings and SREC sales."
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