State Renewal Energy | David Gabel
New Jersey has always been one of the best states for solar: higher-than-average electricity rates and strong solar incentives have helped thousands of New Jerseyans achieve quick payback periods on their solar investments. Above all, the state’s renewable portfolio standard and associated Solar Renewable Energy Certificate (SREC) market have been instrumental towards growing solar throughout the state. However, in June 2018, the state decided to phase out SRECs in favor of a new, yet-to-be-established successor solar program. In an effort to bridge the gap between SRECs and the next phase of solar incentives, the Garden State decided it's implementing an intermediate transition solar incentive, known as Transition Renewable Energy Certificates (TRECs). TRECs will have set pricing for 15 years, making it easier to predict exactly how much incentive money you’ll receive from the program.
The value of your incentive will vary depending on the type of installation. The NJ BPU has assigned varying factors for individual solar projects; solar projects located on large plots of land have a higher TREC factor than a residential solar installation on a roof.
139 E Main St
Tuckerton, NJ 08087
Phone: (862) 273-9338
