New Jersey

New Jersey

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 & Non Solar Contact

B. Scott Hunter
Manager
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) 292-1956
B.Hunter@bpu.state.nj.us

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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