Nj Solar Program

This policy allows you to sell excess electricity back to the grid at the retail rate.

Nj solar program.

The srec ii program is designed to purchase srecs at a competitive fixed price for ten 10 years. This requires a set portion of this renewable electricity to come. Save money while saving the planet. New jersey net metering.

Much of this success is due to new jersey s solar financing model which relies on high renewable energy standards and the use. The nj solar program made it so easy for us to get everything done with no cost. The state s solar success has been based on two core programs one that compensates you for the electricity you produce and one that rewards you for that electricity s clean characteristics. Additional information on how community solar works is available on the office of energy efficiency renewable energy website.

New jersey s clean energy program tm was established in 2001. Amazing program even better service michael c. A quick background of solar incentives in new jersey. That year there were only six solar installations in the state.

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. The new jersey board of public utilities adopted rules establishing the community solar energy pilot program on january 17 2019. 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. This program registers solar projects in order to earn solar renewable energy certificates srecs.

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. Many states have an rps but new jersey is among the few that also has a solar carve out. 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 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. We needed a new roof and we have always considered adding solar.