The Renewable Energy Incentive Program (REIP) provides incentives that reduce the upfront cost of installing renewable energy systems, including solar, wind, and sustainable biomass.  Incentives vary depending upon technology, system size, and building type*.  Current incentive levels, participation information, and application forms can be found here.

Announcement - Update on the Funding Cycle 3 Process

Funding Cycle 3 (FC3) - Budget vs. Applications Received

Status of Budget with Cumulative Applications Received in FC3 as of 4 pm on 9/1/10:

Notes:

1. Applications received have not been reviewed for completeness.
2. Incomplete or illegible applications will be returned to the applicant without exception, and funds will not be reserved.
3. If the application is returned, applicant may resubmit application only if the funding cycle is still open.  Resubmitted applications are treated as new applicatins received that day.
4. The Clean Energy Program reserves the right to accept more applications than the available budget, since some applications received may be deemed incomplete.  However, there is no guarantee that if your application is accepted it will be funded.
5. Once the program deems the applications received to be of sufficient volume to consumer the available budget, funding cycle three will be closed to new applications.
6. Applications received in excess of the installers' daily application caps will be returned to applicants.
7. Applications that cannot be funded in FC3 will either be returned or automatically submitted as an SRP project, if the applicant requested to do so per the Application Conversion REIP to SRP form that was submitted with the REIP application.

Solar Renewable Energy Certificates (SRECs) represent all the clean energy benefits of electricity generated from a solar energy system.  SRECs can be sold or traded separately from the power, providing owners a source of revenue to help offset the cost of installation.  All solar project owners in New Jersey with electric distribution grid-connected systems are eligible to generate SRECs.  Each time a system generates 1,000 kWh of electricity an SREC is earned and placed in the customer's account on the web-based SREC tracking system.

The Solar Renewable Energy Certificate (SREC) Registration Program (SRP) is used to register the intent to install non-rebated solar projects in New Jersey.  Registration of the intent to participate in NJ's solar marketplace provides market participants with information about the pipeline of anticipated new solar capacity and insight into future SREC pricing.  To learn more about SRECs and how they are generated visit the SREC Registration Program page.

Important Links

• SREC Registration Program Application Forms
• SREC tracking system
• SREC Pricing
• NJ REC Market Updates
• RPS Background Information

*Projects developed through the REIP do not need to enroll in this program, but will still be eligible to register with the SREC tracking system upon system completion.

New Jersey’s Renewable Energy Manufacturing Incentive (REMI) program provides incentives to New Jersey residents, businesses, local governments, and non-profit organizations that purchase and install solar panels, inverters, and racking systems manufactured in New Jersey.

For Customers
Available for up to 500 kW of a solar project, incentives for panels start at $0.25 per watt and rebates for racking systems and inverters start at $0.15 per watt. Learn more.

For Manufacturers
To become a certified New Jersey manufacturer under this program, companies must supply products manufactured with at least 50 percent of the product cost from facilities located in New Jersey. Learn more about how to become a certified New Jersey manufacturer.