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New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11

Stay informed on the latest updates regarding New Jersey's clean energy program in 2011, including solar installed capacity reports, proposed budget modifications, and extension processes. Get involved by submitting comments and following the draft timeline for upcoming filings.

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New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11

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  1. New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11 Charlie Garrison

  2. Solar Installed Capacity • The preliminary installed solar capacity as of 4/30/11 is 330.4 MW which includes approximately 29.7 MW of new capacity added in April 2011.

  3. Solar Installed Capacity Preliminary Report NJ Solar Installations by Year As of 04/30/11

  4. Solar Installed Capacity Preliminary Report NJ Solar Installations for Recent Months

  5. Proposed Modifications to 2011 NJCEP Budgets • Proposed changes were circulated for comment on 5/3/11 • Comments are due by 5 pm on May 10, 2011 • Comments should be submitted to: publiccomment@njcleanenergy.com

  6. Proposed Modifications to 2011 NJCEP Budgets

  7. Proposed Modifications to 2011 RE Budgets • The 2nd Revised Honeywell Renewable Energy budget for 2011 is $64.68 Million • $60.98 million for incentive funds including committed carryover funds and $9.3 million for new incentive funds • $3.7 million for administrative fees to the Market Manager

  8. Proposed Modifications to 2011 RE Budgets 2011 REIP Incentive BudgetSummary New Funding

  9. Proposed Modifications to Extension Process • The Market Manager and OCE are proposing tighter restrictions on granting project commitment extensions. • Abundant supply of equipment • Lower installed cost • Many more active installers • Higher SREC prices

  10. Proposed Modifications to Extension Process • Extensions only provided for well documented cases • Documentation such as permits, purchase orders, photos, etc. that support the stated reason for project delay and show proof of project progress • Equipment must be on-site • Only 1 extension per project • Extension period: • 3 months for private • 6 months for public • NO extensions beyond 6/30/12

  11. Draft Timeline for Honeywell 2012 Filing • RE committee introduction: May 10 • Program suggestions to HW: June 23* • High-level budget confirmed: Late June • Plan overview to RE committee: July 12 • Final Overview to RE Committee: August 9 • Complete draft plan to OCE staff: August 13 • Final plan presented to CEC: September 9 • Complete final plan filed w/BPU: September 24 • *Notice with submittal instructions for comments will be provided.

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