Customer eligibility:

New Jersey customers are eligible to receive financial incentives through the New Jersey Clean Energy Program. There is no maximum installation size, but your photovoltaic system must be sized to meet your specific electricity needs — your "local load" or "demand". If the proposed system capacity exceeds your own demand, it is not eligible for incentives under this program. (Financial incentives for larger systems are available through the Grid-Supply or Market Development Programs.)

For more information about incentives for this and other renewable and clean energy generation systems, visit New Jersey Clean Energy Program.

SREC-Based Financing Program

Rockland Electric offers a program to its customers to help finance solar generation projects in its service area through the purchase of Solar Renewable Energy Certificates (SREC)*.

The SREC-Based Financing Program provides an opportunity for Rockland Electric customers, or solar developers working in the Rockland Electric service territory, to bid SRECs into planned solicitation (RFP) events prior to system connection. Solicitation events are planned twice a year through 2011. Rockland Electric will solicit bids for contract terms of between 10 to 15 years.

• View information on the SREC bidding/registration process
• View calendar for SREC-Based Financing Solicitation Events

Rockland Electric will purchase a total 3.77 MW SRECs through the program. The bid selection is based on the most favorable net present value of the bids provided. Rockland Electric must then resell the SRECs to energy suppliers through an auction process.

Rockland Electric's Solicitation Manager, NERA Economic Consulting, acts as the Solicitation Manager for this RFP process. For details, visit NERA Economic Consulting.

*An SREC is a tradeable certificate representing the environmental benefits associated with 1 MWh of energy and is issued once a solar facility has generated 1000 kWh (1MWh) of energy.

Did you know that there are several state and federal programs promoting renewable energy sources?

The Database of State Incentives for Renewables and Efficiency (DSIRE) gives you a comprehensive source of information on state, local, utility and selected federal incentives. If you're looking into installing or have already installed a renewable energy source system, don't forget to explore these opportunities today.