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.
events are planned twice a year through 2011. Rockland Electric will solicit bids for contract
terms of between 10 to 15 years.
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
acts as the Solicitation Manager for this RFP process. For details, visit NERA
*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?
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