Solar power in New Jersey and Pennsylvania delivers value to the electric grid that exceeds its cost by a large margin, according to a new study conducted by consulting firm Clean Power Research.

According to the Mid-Atlantic Solar Energy Industries Association (MSEIA) and the Pennsylvania Solar Energy Industries Association (PASEIA), which released the study, solar is a bargain for electric ratepayers.

Energy providers in New Jersey and Pennsylvania are required to buy certain amounts of solar power each year through solar renewable energy certificates (SRECs) and pass this premium cost on to ratepayers. The study found that solar power delivers a total levelized value ranging from $256 to $318 per MWh ($0.256/kWh to $0.318/kWh). However, this includes a premium value in the range of $150/MWh to $200/ MWh ($0.15/kWh to $0.20 /kWh), above the value of the solar electricity generated.

via SolarIndustryMag.com: Report: Solar Power Delivers High Value In New Jersey, Pennsylvania.