White Paper Series: New Jersey's Solar Market Transition to a Market-Based REC Financing System

In April 2006, the New Jersey Board of Public Utilities approved an expanded Renewable Portfolio Standard (RPS) which calls for 20% Class I Renewables by 2020 and includes a minimum requirement of 2% New Jersey solar.

In May 2006, an RPS Transition Working Group was formed to consider various financing models to support the continued growth and expansion of New Jersey’s solar market. The principles and models being considered by the RPS Transition Working Group are outlined in a series of White Papers, first presented September 18, 2006, at the 2006 New Jersey Clean Energy Conference.

The White Papers explore:

• New Jersey's Solar Market: Transition to a Market-Based Financing System
• Underwriting Solar Investments In New jersey: Achieving Scale In An RPS Dominated Environment
• Commodity Market-Based Transition to a Large Scale Sustainable Solar Market: Moving the New Jersey Solar Program from Rebates to RECs
• New Jersey Solar Market: Tariff Model Outline

These White Papers were prepared by stakeholders and members of the Clean Energy Council’s Renewable Energy Committee, who advise the New Jersey Board of Public Utilities in the design and implementation of New Jersey’s Clean Energy Program, including the Renewable Energy Incentive Program.

Any comments and questions may be submitted to solarmarkettransition@njcep.com.