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10 Day Rule for Contracts and Registration in the SRP

On May 1, 2012, the New Jersey Board of Public Utilities (BPU) re-adopted Chapter 8 (renewable energy and energy efficiency) rules with amendments that became effective upon publication on June 4, 2012. The new rule amendments require SREC registration to  occur no later than ten (10) business days after execution of the contract for purchase or installation of the photovoltaic panels to be used for the solar project.  If the applicable deadline is not met, any SRECs based on electricity generated by the solar facility shall not be used for compliance with the New Jersey RPS until 12 months after the solar facility has received authorization to energize by the EDC. See NJ Administrative Code.

The following chart explains this rule further:

  SRP Participation Contract Compliant Non-Compliant

Complete SRP
10 Day Rule(Compliant)

Complete SRP received - All documents listed on the SRP Registration Checklist have been submitted Most recent executed contract signature date is within 10 business days of SRP submittal date - Received by Market Manager (date stamped)
Yes-
COMPLIANT
SRP Acceptance Letter issued
 

Complete SRP 10 Day  Rule(Non-Compliant)

Complete SRP received - All documtnes listed on the SRP Registration Checlist have been submitted Most recent executed contract signature date is NOT (exceeds) within 10 business days of the SRP submittal date - Received by the Market Manager (date stamped)
No
Yes-NON-COMPLIANT SRP Acceptance Letter issued
Incomplete
SRP
SRP received that is missing items from the SRP Registration Checlist and/or missing dates on contract  
No
SRP Registration is returned to the registrant with a letter identifying missing items. A new SRP Registration is required to be submitted and the new registration date is based on the date the new SRP Registration is submitted

To remedy the project's lack of compliance with the Chapter 8 rules governing SRP submittal requirements following contract execution, registrants may revise the SRP Registration packet and resubmit it to the Market Manager, within one year from the date of the conditional acceptance letter. The revised SRP Registration packet must include all items on the SRP Registration checklist and an updated contract for the purchase or installation of photovoltaic panels to be used in the solar facility with an executed contract date no later than ten business days from the date of resubmission. A cover letter cancelling your non-compliant SRP registration must be included with the revised SRP Registration packet.

You cannot begin construction under the conditional registration prior to submitting a revised SRP Registration packet for compliance without incurring the penalty described at N.J.A.C. 14:8-2.4 (e). If you do not resubmit a revised SRP Registration packet within the required one year period from the date of the non-compliant SRP Acceptance letter, any SRECs based on electricity generated by your solar system cannot be used for compliance in the New Jersey Renewable Portfolio Standard for 12 months, from the date of your EDC authorization to energize.

Once your Final As-Built packet has been submitted, you can no longer submit a revised SRP Registration packet for compliance.


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