SREC-Only Pilot Program
SREC-Only Pilot Program and SREC Registration Process
Summary
The 2008 Renewable Clean Energy Programs, including the SREC-Only Pilot Program, ended as of December 31, 2008. Information about the program will remain on this page for reference. Projects which had been accepted in the SREC-Only Pilot Program may be completed prior to their expiration dates under the administrative processes and requirements established for the SREC-Only Pilot Program. All new SREC-only projects (i.e. projects which are not eligible for or do not request upfront rebates) must apply as non-rebated projects under the 2009 Renewable Energy Incentive Program (REIP).
Key adminstrative functions of the SREC-Only Pilot Program have been renamed the SREC Registration Process and will remain active as part of the Renewable Energy Incentive Program (REIP) in 2009.
The SREC-Only Pilot Program was designed to enable New Jersey customer-generators to participate in the SREC market without participating in the CORE rebate program. New customers and customers already in the CORE program queue were eligible to participate in the SREC-Only Pilot Program, but CORE Program customers had to forgo their CORE program rebate to do so. The SREC-Only Pilot Program was intended to provide customers and project developers with more flexibility to choose to accelerate project development, provided they are comfortable with their project financials without the benefit of a rebate. SRECs are a market instrument to assist in financing solar that can and will change in the market depending on supply and demand. NJCEP makes no representation as to current or future price of SRECs and this risk is entirely assumed by the registrant. If you have any questions about the SREC-Only Pilot Program or how to complete the registration packet, please call the us at 866-NJSMART.
Links to SREC-Only Pilot Program Documents
1. Initial Registration Package. The initial registration package contains the forms necessary for registering a project in the SREC-Only Pilot Program.
2. SREC Registration Process Status Reports. The status report is posted each month, and contains information on the previous period's activity as well as total program activity. The most recent report is posted at the top of the list below. These reports were formerly titled SREC-Only Pilot Program status reports, but the title has been changed to Registration Process Status Report.
3. Final Registration Package. Registrants of projects which had been accepted into the SREC-Only Pilot Program must complete and submit the Final Registration Package once construction is complete and prior to the project's expiration date. Receipt of a complete Final Registration Package triggers scheduling of the NJCEP inspection, certification of the project as eligible to begin earning SRECs, and referral of the project to the REC Admnistrator to enable creation of an SREC tracking and trading account.
4. SREC-Only Pilot Program Guidebook The Guidebook documents program guidelines and procedures, and should be consulted first for any questions about registrant eligibility and responsibilities, registration processing, and other questions.
Links to Other Helpful Information
CORE Program customers who chose to register in the SREC-Only Pilot Program were removed from the CORE program queue, thereby foregoing their CORE rebate, the Renewable Energy Market Managers provide links to the most current CORE queue lists and assessment of CORE program budgets by project category. These links are intended to help customers assess their status in the CORE queue relative to funding levels available at this time, and to make a more informed decision about whether to opt out of the CORE program in favor of registering in the SREC Pilot Program. In addition, we provide a link to the latest SREC trading statistics.
Links to Data on NJ Solar Project Development History and Pipelines
- Latest CORE Program Status Reports
- 2009 SREC Registration Process Status Reports (formerly SREC-Only Pilot Program Status Reports)
Links to Data on SREC Demand, Supply, and Trading
Links to Board Orders Relevant to the SREC-Only Pilot Program