Geographic Eligibility
Energy shall be generated within or delivered into the PJM region. If the latter, the energy must have been generated at a facility that commenced construction on or after January 1, 2003.
Reporting Year
June 1 through May 31
Banking
Class I RECs and Solar RECs can be used for compliance during the energy year in which it was generated or the following two energy years (as of July 1, 2010, the effective date of A.B. 3520). As of the July 23, 2012, the effective date of SB1925, solar RECs can be used for compliance during the energy year or the following four energy years. Class II RECs cannot be banked – they must be used for compliance during the energy year in which they were generated. Only Class II RECs can be used to meet the Class II renewable energy requirements.
Solar Requirement
Yes. Beginning in EY2020, Solar REC obligations are a component of Class I renewable energy requirements.
Renewable Energy Sources
Class I
Renewable sources include solar technologies, photovoltaic technologies, wind energy, fuel cells powered by renewable fuels, geothermal technologies, wave or tidal action, methane gas from landfills, or a biomass facility, provided that the biomass is cultivated and harvested in a sustainable manner. As a result of S.B. 1925, Class I renewable energy also includes hydroelectric facilities of 3 MW or less that are located in NJ and placed in service after July 23, 2012 (the effective date of S.B. 1925).
The New Jersey Solar Registration Program was closed to new registrations on April 30, 2020 and replaced by the Transition Incentive effective May 1, 2020. Transition Incentive RECS (TRECs) are assigned a fixed price (up to $152) for 15-years, and offset the electricity suppliers’ Class I obligation.
Class II
Renewable sources include resource recovery facility (subject to qualifications), small hydroelectric power facility (less than 30 MW)
| RPS Percentages |
| Energy Year |
Solar ACP ($/MWh) |
Solar |
Class I |
Class II |
Total |
| EY 2010 |
$693 |
0.2210% |
4.685% |
2.5% |
7.406% |
| EY 2011 |
$675 |
306 GWh |
5.492% |
2.5% |
8.297% |
| EY 2012 |
$658 |
442 GWh |
6.320% |
2.5% |
9.214% |
| EY 2013 |
$641 |
596 GWh |
7.143% |
2.5% |
10.388% |
| EY 2014 |
$339 |
2.05% |
7.977% |
2.5% |
12.527% |
| EY 2015 |
$331 |
2.45% |
8.807% |
2.5% |
13.757% |
| EY 2016 |
$323 |
2.75% |
9.649% |
2.5% |
14.899% |
| EY 2017 |
$315 |
3.00% |
10.485% |
2.5% |
15.985% |
| EY 2018 |
$308 |
3.20% |
12.325% |
2.5% |
18.025% |
| EY 2019 |
$268 |
4.30% |
14.175% |
2.5% |
20.975% |
| EY 2020 |
$258 |
4.90% |
21.0% |
2.5% |
23.5% |
| EY 2021 |
$248 |
5.10% |
21.0% |
2.5% |
23.5% |
| EY 2022 |
$238 |
5.10% |
21.0% |
2.5% |
23.5% |
| EY 2023 |
$228 |
5.10% |
22.0% |
2.5% |
24.5% |
| EY 2024 |
$218 |
4.90% |
27.0% |
2.5% |
29.5% |
| EY 2025 |
$208 |
4.80% |
35.0% |
2.5% |
37.5% |
| EY 2026 |
$198 |
4.50% |
38.0% |
2.5% |
40.5% |
| EY 2027 |
$188 |
4.35% |
41.0% |
2.5% |
43.5% |
| EY 2028 |
$178 |
3.74% |
44.0% |
2.5% |
46.5% |
| FY 2029 |
$168 |
3.07% |
47.0% |
2.5% |
49.5% |
| FY 2030 |
$158 |
2.21% |
50.0% |
2.5% |
52.5% |
| FY 2031 |
$148 |
1.58% |
50.0% |
2.5% |
52.5% |
| FY 2032 |
$138 |
1.40% |
50.0% |
2.5% |
52.5% |
| FY 2033 |
$128 |
1.10% |
50.0% |
2.5% |
52.5% |
Alternative Compliance Payments
The Alternative Compliance Payment (ACP) is set currently at $50/MWh. The Solar Alternative Compliance Payment (SACP) schedule was updated in May 2018 by A.B. 3723 (see table above).
Solar Contact
New Jersey’s Clean Energy Program
Renewable Energy Program Manager - TRC Companies
317 George Street
Suite 520
New Brunswick, NJ 08901
Phone:1-866-NJSMART
1-866-657-6278
njreinfo@njcleanenergy.com
Solar Contact
Zainab Durda
Solar Administrator
NJ Board of Public Utilities
Division of Clean Energy
P.O. Box 350
44 South Clinton Avenue
7th Floor
Trenton, NJ 08625-0350
Phone: (609) 322-9992
Zainab.Durda@bpu.nj.gov
Solar & Non Solar Contact
Ronald K. Jackson
Research Scientist
New Jersey Board of Public Utilities
Division of Clean Energy
P.O. Box 350
44 South Clinton Avenue
7th Avenue
Trenton, NJ 08625-0350
Phone: (609) 913-6348
ronald.jackson@bpu.nj.gov
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