Nj Solar Program

New jersey s clean energy program is a statewide program that offers financial incentives programs and services for new jersey residents business owners and local governments to help them save energy money and the environment.

Nj solar program.

Additional information on how community solar works is available on the office of energy efficiency renewable energy website. New jersey net metering. The new jersey board of public utilities adopted rules establishing the community solar energy pilot program on january 17 2019. New jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs.

The state wanted to replace the nj srec program in an effort to reduce costs to ratepayers and because the state s srec market is too unpredictable. That year there were only six solar installations in the state. The nj solar program made it so easy for us to get everything done with no cost. A quick background of solar incentives in new jersey.

This requires a set portion of this renewable electricity to come. This program registers solar projects in order to earn solar renewable energy certificates srecs. Please check njcep for more information and availability of funds. This policy allows you to sell excess electricity back to the grid at the retail rate.

Many states have an rps but new jersey is among the few that also has a solar carve out. The srec ii program is designed to purchase srecs at a competitive fixed price for ten 10 years. The solar transition program is required by the clean energy act of 2018 to assist the state in moving away from a volatile srec market to a yet to be determined successor program. Since that time new jersey has established a model program and an integrated approach to solar development that includes.

Save money while saving the planet. We needed a new roof and we have always considered adding solar. New jersey s clean energy program tm was established in 2001. Srec registration program srp new jersey is the fastest growing market for solar photovoltaics in the united states and one of the largest in terms of installations and installed capacity second only to california.

Amazing program even better service michael c. Much of this success is due to new jersey s solar financing model which relies on high renewable energy standards and the use.