Nj State Solar Program

New jersey net metering.

Nj state solar program.

That year there were only six solar installations in the state. Save money while saving the planet. While today marks the end of one chapter it also marks the beginning of a. 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.

The new jersey board of public utilities adopted rules establishing the community solar energy pilot program on january 17 2019. Many states have an rps but new jersey is among the few that also has a solar carve out. This program registers solar projects in order to earn solar renewable energy certificates srecs. A quick background of solar incentives in new jersey.

Please check njcep for more information and availability of funds. New jersey residents who are municipal electric oil or propane customers are eligible to participate in and receive incentives from certain programs. Additional information on how community solar works is available on the office of energy efficiency renewable energy website. The garden state is transitioning away from its long term solar renewable energy certificate srec incentive program but while it chooses a successor it s allowing new solar projects to be eligible for a new kind of transition renewable energy certificate trec.

The new jersey board of public utilities njbpu today declared. New jersey has made an additional adjustment to the original srec program by having the energy credits be valued at a contracted rate for the entire 15 year period backed by the state. What s new for 2020 the future looks bright for solar in new jersey but things are a bit in flux right now. This takes out the variability and inherent risk associated with investing in a solar project that receives recs.

This requires a set portion of this renewable electricity to come. This policy allows you to sell excess electricity back to the grid at the retail rate. New jersey s clean energy program tm was established in 2001. New jersey has a renewable portfolio standard rps that requires electric utility companies within the state to source 50 percent of its electricity from renewable technologies by 2030.