Incentives
The New Jersey Board of Public Utilities has approved the following incentives in their June 8, 2009 Board Order to be effective for applications received on or after September 23, 2009. All incentives are subject to budget availability.
| Renewable Energy Manufacturing Incentives | |||
| Incentive ($/ Watt) |
Maximum System Size |
Maximum Incentive |
|
| Solar Panels | |||
| Residential: 0 - 10 kW | $0.25 | 10 kW | $2,500 |
| Non-Residential: 0 - 50 kW | $0.14 | 50 kW | $7,500 |
| Non-Residential: 51 - 100 kW | $0.12 | 100 kW | $12,000 |
| Non-Residential: 101 - 500 kW | $0.08 | 500 kW | $40,000 |
| Inverters and Racking Systems | |||
| Residential: 0 - 10 kW | $0.15 | 10 kW | $1,500 |
| Non-Residential: 0 - 50 kW | $0.09 | 50 kW | $4,500 |
| Non-Residential: 51 - 100 kW | $0.07 | 100 kW | $7,000 |
| Non-Residential: 101 - 500 kW | $0.05 | 500 kW | $25,000 |
The above incentives are available for up to 500 kW. Projects larger than 500 kW will only receive rebate payments for the first 500 kW of installed capacity.
Customers who purchase panels, inverters, and racking systems, either on a stand alone basis or as an integrated product from a certified New Jersey Manufacturer are eligible to receive all incentives.
To be eligible for an incentive, applicants must begin by applying to either the Renewable Energy Incentive Program (REIP) or the SREC Registration Program (SRP). Application to the REMI program occurs during the REIP or the SRP process. REMI is not available to owners of completed projects or projects that have already been approved and accepted into the program. Learn more about how you can participate.