New Jersey Board of Public Utilities New Jersey Solar SREC Program Completely Rebate-free since 2010 NREL SREC Webinar 1/18/12 Mike Winka, Director NJBPU OCE Scott Hunter, RE Program Manager NJBPU OCE. The Solar Advancement Act (P.L.2009, c.289) vs. today’s RPS.
New Jersey Solar SREC Program
Completely Rebate-free since 2010
NREL SREC Webinar
Mike Winka, Director NJBPU OCE
Scott Hunter, RE Program Manager NJBPU OCE
(P.L.2009, c.289) vs. today’s RPS
NJCEP Solar Pipeline Plus Installed Projects as of 11/30/11
The capacity installed of the pipeline projects will depend on several
Factors including the federal incentives, LTC and SREC prices as
well as the NJ Legislature actions and NJBPU regulatory and policy
Ratepayer projectionExposure for Long-term Financing Programs Only
Does not include any environmental benefits of solar, the impacts on the transmission and distribution system, or any other costs or benefits of solar other than those directly related to the EDC Solar Long term Contract Program.
Ratepayer Exposure is not for the overall SREC Program, but only for the Long-term financing Program.
SREC Auction Proceeds are uncertain due to unknown future SREC prices.
1. Increase the solar RPS
. Virtual Increase in the Solar RPS only increase the EDC program capacity.
Both of these proposals also address the volatility in SREC market by establishing additional capacity in a price competitive manner.
One of the key components in proceeding with one of these two positions is that the ratepayer must see an overall cost savings from the current status for this solar capacity increase – basically a net zero sum gain for the ratepayer – More solar at a lower overall cost