Going Solar in New Jersey has never been easier. IT PAYS FOR ITS SELF (example attached) .
If you're a home owner in New Jersey, there is no better time to switch to solar energy! You have one of the best incentive programs in the US that allows home owners to receive 'Renewable Energy Credits' when they generate power for their own home. Speak with one of our solar consultants today to learn exactly how we can benefit your home!
New Jersey’s Clean Energy Program was established in 2001. That year there were only six solar installations in the state. Since that time, New Jersey has established a model program and an integrated approach to solar development.
How SREC Program Works?
Each time a solar installation generates 1,000 kilowatt-hours (kWh) of electricity, an SREC is earned. Solar project owners report the energy production to the SREC Tracking System. This reporting allows SREC’s to be placed in the customer's electronic account. SRECs can then be sold on the SREC Tracking System, providing revenue for the first 15 years of the project's life.
Electricity suppliers, the primary purchasers of SRECs, are required to pay a Solar Alternative Compliance Payment (SACP) if they do not meet the requirements of New Jersey’s Solar RPS. One way they can meet the RPS requirements is by purchasing SRECs. As SRECs are traded in a competitive market, the price may vary significantly. The actual price of an SREC during a trading period can and will fluctuate depending on supply and demand.
Or Call US