New Jersey
The New
Jersey Clean Energy Program has announced the changes to the
photovoltaic (PV) rebate program made in June 2010.
The program will remain closed to new applications until
September 1, 2010, the opening date scheduled for the
third of the program's three funding cycles each year. Notably,
when the program re-opens non-residential rebates will be limited
to public and non-profit applicants. Other renewable energy rebates
remain open and unaffected by the June 2010 revisions.
Solar is still cost effective without having to wait for a
rebate. Customers who wish to get installed without a rebate can
apply under the SREC Registration Program (SRP) to get their system
up and running to receive SRECs, but no rebate. In fact, since the
REIP Program stopped accepting application, Trinity has signed up
hundreds of customers who are moving forward without a rebate.
As a trade ally of the New
Jersey Clean Energy Program, Trinity Solar installs systems
eligible for either the Renewable Energy Incentive Program (REIP)
or SREC Registration Program (SRP).
- Systems must have at least a five-year, all-inclusive
warranty.
- Eligible systems should be sized to produce no more than 100%
of the historical or expected (if new construction) amount of
electricity consumed at a system's site.
PV Systems
PV systems (also known as solar-electric systems) are
eligible for incentives based on the rated DC capacity of the
system installed and the applicable sector. Under the June 2010
revised program rules, public and non-profit non-residential
systems up to 50 kW and residential systems up to 10 kW are
eligible for incentives. Projects completed in conjunction with new
construction must be located within Smart Growth areas in order to
qualify for incentives. Residential PPA arrangements are eligible
for residential sector incentives, but non-residential PPAs do not
qualify for incentives.
When the program re-opens in September 2010, residential
applicants (including residential PPAs and eligible new
construction) will be eligible for an incentive of $0.75/W DC for
up to 7.5 kW of installed capacity and non-residential public and
non-profit applicants will be eligible for an incentive $0.75/W DC
for up to 30 kW of installed capacity. As noted above, PV systems
owned by for-profit businesses no longer qualify for incentives.
Photovoltaic (PV) systems that are not eligible to receive rebates
remain eligible to generate
Solar Renewable Energy Certificates (SRECs) and may be eligible
for specialized programs based in the SREC market. Click here for further details on the individual
utility programs and a list of frequently asked questions on how
the programs will operate.