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 | |
| 30 Day Grace Period |
SRP received on or after June 4th and on or before July 4th | Contract signed prior to June 4th |
Yes-
COMPLIANT Acceptance Letter sent |
|
|
Complete SRP (Compliant) |
Complete SRP received on or after June 4th | Contract signed on or afterJune 4th - Executed last contract signature date is within 10 business days of SRP submittal date (date stamped) |
Yes-
COMPLIANT Acceptance Letter sent |
|
|
Complete SRP 10 Day Business Rule (Non-Compliant) |
Complete SRP received on or after June 4th | Contract signed on or after June 4th- Executed last contract signature date is NOT (exceeds) within 10 business days of the SRP submittal date (date stamped) |
No
|
Yes-NON-COMPLAINT Acceptance Letter sent
|
| Incomplete SRP Registration |
Missing items on checklist or a date on the executed contract |
No
|
SRP is returned to customer/system owner
|
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.