New Jersey State Incentives

  1. The State of New Jersey has legislation in place to incentivize residents to install clean renewable energy producing solar systems on their property.

  2. New Jersey legislation places a CAP Penalty on the Public Utilities forcing them to purchase 1000 kWh blocks of clean energy that is placed on the grid by Solar producing State residents.

  3. Solar Renewable Energy Certificates (SREC)

  4. Currently in New Jersey (1) SREC the average value is $200 each.

  5. Only ownership allows the homeowner to be eligible for Solar Renewable Energy Certificates (SREC) from the State of New Jersey as a reward for helping the State and utilities reach their MANDATES on Renewable Clean Energy. The homeowner is guaranteed to receive the SREC's for 10 Years.

  6. The Reward is ONE SREC (Average value $200 per SREC) for every 1000 kWh of energy the homeowner puts on the grid in total.  www.srectrade.com

https://www.srectrade.com/blog/srec/srec-markets/new-jersey

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