The program provides funding to electricity suppliers and providers to aid in installation of solar electric generation systems.
Terms and Qualifications:
Provides funding for electricity suppliers/providers to install solar-electric generation systems to meet the BPU solar electricity percentage requirements (4.1% of the electricity through in-state solar installations by 2028).
Systems must be registered with the BPU and systems must qualify to generate SRECs for 15 years after the date of interconnection.
Incentive: 0.32 $/kWh
Online portal: https://njcepsolar.programprocessing.com
NJ Board of Public Utilities (BPU); SREC Program
See program website for expiration dates.