New Jersey's community solar program is governed by the Solar Act of 2021 (L. 2021, c. 169) which established a new Successor Solar Incentive Program, also known as the “SuSI Program”. The SuSI Program implements the Clean Energy Act of 2018 (L. 2018, c.17) and the Solar Act of 2021 (L. 2021, c. 169). The SuSI Program provides incentives to eligible solar facilities to enable the continued efficient and orderly development of solar renewable energy generating sources throughout the state.
The program provides one New Jersey Solar Renewable Energy Certificate-II (NJ SREC–II) for every megawatt-hour (MWh) of solar electricity produced by a qualifying facility, with an additional $20/MWh adder for public entities – such as school districts, municipalities, and public colleges and universities – as well as a temporary incentive for projects built on contaminated lands.
A SuSI-eligible facility shall be eligible to generate NJ SREC-IIs for 15 years following the date of commencement of commercial operation.
|Incentive Type:||Community Solar Rules|
|Eligible Renewable/Other Technologies:||
|Applicable Utilities:||Investor-Owned Utilities|
|System Capacity Limit:||<5 MW|
|Program Capacity Limit:||150 MW Annually|
|Participant Credit Rate:||Retail rate|
|Low-Moderate Income Provisions:||
Includes increased SREC-II value from $70 to $90
|Name:||Clean Energy Act of 2018 (L. 2018, c.17)|
|Name:||Solar Act of 2021 (L. 2021, c. 169)|
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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