http://www.njedcsolar.com/assets/files/ACE-JCP&L_Board_Order_Approving_Results_11-9-11-2C.pdf

 
Round 4 and 5 Solicitation Results: http://www.njedcsolar.com/assets/files/NJEDCSolar_Board_Order_Approving_Results_8-12-10-2C.pdf
 
More on Flett Exchange:
  
     Flett Exchange is the leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 2,500 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers. Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.
     Flett Exchange also brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-5 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.

• One hundred and five (105) bids were received, totaling 39,082.716 kW;
• Forty-seven (47) awards were made, totaling 15,788.237 kW;
• Fifty-eight (58) bids totaling 21,797.641 kW were rejected because pricing was found not to be competitive;
• The average NPV for the recommended awards is $2,926.34 (corresponding to an average SREC price of $413.83/SREC for a ten-year contract);
• The lowest NPV for the recommended awards is $2,423.64 (corresponding to an average SREC price of $342.74/SREC for a ten-year contract).

 
Offers by solar developers were twice the available capacity in the solicitation. This was due to a rush by developers in hopes to cash in on the above market prices achieved during the previous 5 solicitations.
The solicitation is competitive in the sense that the projects are selected from lowest price to highest until the quantity is filled or when the prices become “uncompetitive”. There is no transparency in any part of the solicitation. All offers are blind and all individual contract results are kept confidential. Award pricing varies widely based on the distribution areas of the individual projects.
 
The long term prices awarded during these solicitations continue be approximately 30% higher than comparable prices in the free market. This premium can be estimated to be a 50% premium if consideration is taken as to the quality of the contract. It is widely understood in the industry that a long term contract with a local distribution company with the blessing of the BPU is stronger than a bilateral contract with an independent power company. Ratepayers make up for the losses in these contracts if the prices of SRECs decline in the next 10 years. In the short run the ratepayer will profit if the LDC companies can sell the SRECs at a higher price in the spot market.
 
More on Flett Exchange:
 
Flett Exchange is a leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 2,500 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers. Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.
 
Flett Exchange also brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-7 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.

 


As of March 15, 2011 the approved companies and products are:
 

 

There is also a bill in the New Jersey Legislature that will give a Solar Renewable Energy Certificate SREC for every 850 kw of power instead of 1000kw for facilities that utilize solar products manufactured in New Jersey. The bill is in its infancy and has yet to define what qualifies a “made in NJ” solar array in terms of panels, racking or inverters.
 


More on Flett Exchange:
 


Flett Exchange is a leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 2,500 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers (it’s simple sell a SREC and get a check!) Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.
 


Flett Exchange brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-7 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.

Dropping SREC prices are a sign of a properly functioning competitive SREC market. During times of over investment SREC prices drop, thus bringing savings to ratepayers while throttling back over investment. Once SREC prices normalize only the most economical solar projects will be developed. Long term SREC prices correlate to the true cost of developing solar.
 
More on Flett Exchange:
 
Flett Exchange is the leading SREC exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Thousands of active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers (it’s simple sell a SREC and get a check!) Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.

Flett Exchange brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-5 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.

The $660.00 clearing price is 98% of the $675 Solar Alternative Compliance Payment (SACP). The SACP is the payment electric producers have to pay to the State of New Jersey if they do not produce a specified amount of electricity using solar energy or through the purchase of SRECs from facilities located in New Jersey. This activity supports solar development in New Jersey and SREC revenue goes to entities that take risk in developing solar facilities.

More on Flett Exchange:

Flett Exchange is a leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 2,200 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers (it’s simple sell a SREC and receive a check!) Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.

Flett Exchange brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-7 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.

Michael Flett, President and CEO, of Flett Exchange, will be a panelist for the “State of the Solar Industry in New Jersey.” The panel will discuss the latest technologies emerging in solar and their impact on the industry, the updated federal and state incentives, where projects are planned, where they are under construction, and where they are already up and running. The panel will be moderated by Steve Morgan, CEO of American Clean Energy and former CEO/Chairman of Jersey Central Power and Light. Between discussions, the Flett Exchange management team will be available; fielding questions, networking with clients, and providing valuable SREC market information. Come down to our booth and pay us a visit, we hope to see you there!

 
DECEMBER 21st, 2010 – The United States congress reached a compromise Thursday night, passing a major tax-cut deal including an extension of hotly-contested “Bush tax cuts”. The bill, which was signed into law over the weekend by President Obama, also included a one-year extension of the popular Federal incentive program for alternative energy projects. Solar and wind companies nationwide breathed a collective sigh of relief after the 1603 Treasury grant program was piggybacked into the overall package by the House of Representatives following intense lobbying on behalf of the renewables industry.
 
The program, which would have expired at the end of the year, covers up to 30% of the cost of renewable energy projects, which supporters claim has created over 100,000 jobs and more than $18 Billion in investments for thousands of clean generation facilities all across the United States.
“Orders will be on the rise for new wind power, and investors will put more capital into the U.S. economy,” said Denise Bode, chief executive of the American Wind Energy Association.
 
The run-up to the vote had been a nail-biting experience as developers rushed to meet the deadline in the event the extension failed to pass, said Rhone Resch, chief executive for the Solar Energy Industries Association (SEIA). “It was kind of a roller coaster there,” he said. “There were a lot of projects that were getting close to being canceled. Now, this gives them some flexibility to get their financing together and start construction at a time when they need it most.”
 
Industry leaders are hopeful and may see this most-recent triumph as sign of overall bipartisan support for renewable energy. As vital as the 1603 Treasury grant program has proven to be, they’re likely already looking forward to another extension next year. But for now, the one-year reprieve will do quite nicely, Resch said. “It keeps the lights on, keeps us growing,” he said. “There are a lot of happy people in the industry today, and 2011 is looking like it’ll be a true breakout year.”
 
Original Reporting by Tiffany Hsu at the Los Angel Times:

http://latimesblogs.latimes.com/technology/2010/12/congress-extends-federal-treasury-grant-program-for-renewable-energy-projects-.html

http://www.philly.com/inquirer/business/20101026_Solar-power_initiative_fails_again_in_Pennsylvania.html

Harrisburg, PA — On Thursday, September 16th 2010 the Pennsylvania Public Utility Commission (PUC) finalized a policy statement intended to provide the foundation from which the Commonwealth will be able to achieve its progressive solar renewable energy mandates, set forth in its Alternative Energy Portfolio Standards (AEPS). According to the press release published Thursday; the policy is designed to support solar, while minimizing cost for consumers. The commission voted 5-0 to provide the necessary long-term revenue to support both large- and small-scale solar development and to address other barriers stalling wide-scale adoption and deployment of solar renewable energy throughout the state. More than twenty different parties provided feedback on the original draft statement proposed December 10th, 2009 before yesterday’s announcement.
 
The Final Policy Statement:
 

• Defines both large- and small-scale solar projects;
• Recommends using competitive requests for proposals (RFPs) to establish solar renewable energy credit (SREC) values recoverable as a reasonable expense,
• Standardizes contracts for the purchase of SRECs by electric distribution companies (EDCs),
• Establishes a stakeholder working group of electric distribution companies, electric generation suppliers, commission staff, public advocates, solar aggregators, and other interested parties to ensure SREC contracts reflect the most recent developments in Pennsylvania law and energy policy.
• Encourages education of potential SREC sellers about the opportunities to sell them to the electric utilities in support of regional development of solar resources.
• The state Alternative Energy Portfolio Standards Act of 2004 (AEPS) requires EDCs and electric generation supplies to include a percentage of electricity from alternative resources, including solar, in the generation they sell to Pennsylvania customers.
• The Pennsylvania PUC balances the needs of consumers and utilities to ensure safe and reliable utility service at reasonable prices. They protect the public interest, educate consumers to make independent and informed utility choices, further economic development, and foster new technologies and competitive markets in an environmentally sound manner.

 
*For recent news releases, audio of select Commission proceedings or more information about the PUC, visit their website at http://www.puc.state.pa.us.

Original Source:Renewable Energy World, republished with permission from the author.

• The business case for solar projects
• Federal and State incentives
• Choosing between rooftop, ground mount, or carport structures
• Analyzing the risks, costs and benefits of solar energy projects
• Project development from financing and assembling a team through design, operation, and maintenance

 
Keynote Speaker:

• Upendra Chivukula, New Jersey State Assemblyman

 
Executive Panelists:

• Michael Flett, President and CEO, Flett Exchange LLC
• Rich Cleaveland, Partner, Amper, Politziner & Mattia
• Al Bucknam, CEO SunDurance Energy
• George Cruden, Director of Market Operations, Power & Communications Market Team, Clough Harbor Associates
• Doug Janacek, Co-Chair, Real Property & Environmental Department, Gibbons P.C.
• Valerie Montecalvo, President, Bayshore Recycling Corp.
• Steve Morgan, President and CEO, American Clean Energy, LLC, and past senior executive of First Energy Corporation including CEO and Chairman of Jersey Central Power & Light
• Anthony DiGiacinto, Amper, Politziner & Mattia
• Paula Durand, Senior Venture Officer, Clean Technology, New Jersey Economic Development Authority
• Kurt Fuoti, TD bank
• Ronald Reisman, Manager of Business Outreach, New Jersey Board of Public Utilities
• James Rice, CEO, Nautilus Solar Energy, LLC
• Govi Rao, President and Chief Executive Officer, Noveda Technologies, Inc.

 
Gibbons P.C. and Eisner Amper LLP look forward to identifying solar opportunities and working together with qualified corporations to enhance the evolution of the New Jersey solar marketplace.
 

www.gibbonslaw.com	www.eisneramper.com

   After the bill is signed into law, the current RPS of 20% by 2019 with 2.005% minimum from solar will be increased to 25% by 2025 with 3.5% from solar. Additionally, the Alternative Compliance Penalty will be raised from $250 to $400 per MWh, with the $50 annual increase for non-compliant utilities remaining in effect. This comes as welcomed news for Delaware’s home-grown solar industry and residents, who depend on incentive programs to spur new installations. Short-term solar targets are also slated to increase, with new targets of .2% by 2011 and .354% by 2014 going into effect.
 
   The bill also incentivizes locally-sourced solar. It provides an additional 10% credit toward RPS compliance for SRECs produced by solar facilities that were built using at least 75% in-state labor or consist of at least 50% in-state manufactured components. These provisions demonstrate Delaware’s commitment adopting clean energy while still fostering a robust home-grown solar industry.
 
   Also, new provisions have been added to allow state energy coordinators to adjust the ACP by as much as 20% “to determine reasonableness compared to market-based SREC prices” and another that allows the solar requirement to be frozen all together if the total cost of compliance exceeds 1% of the retail cost of electricity. These amendments demonstrate Delaware’s willingness to provide better incentives for going green while still safeguarding against unreasonable rate hikes.
 
   Delaware’s amendments echo similar legislation in neighboring Maryland, which has recently expanded its own renewable energy portfolio, and demonstrates a growing trend all over the United States toward fostering growth in renewable energy. Delaware and other PJM states are leading the way in creating effective renewable energy programs, striking a balance between increasing clean energy while still protecting tax payers from unfair rate hikes.
 

      Flett Exchange is pleased to announce the results of the Township of Verona Solar Renewable Energy Certificate (SREC) public-auction. 79 Energy Year 2010 New Jersey SRECs were sold at a clearing price of $675.00. The sale was conducted on Flett Exchange’s online, transparent environmental exchange under its “Public-Auction SREC Market” and total market proceeds equaled $53,325.00. Qualified buyers and the public could observe the bidding in real time by logging in to Flett Exchange.
      The $675.00 clearing price is 97.4% of the $693 Alternative Compliance Payment (ACP). The ACP is the payment electric producers have to pay to the State of New Jersey if they do not produce a specified amount of electricity using solar energy or through the purchase of SRECs from facilities located in New Jersey. This activity supports solar development in New Jersey and SREC revenue goes to entities that take risk in developing solar facilities.

      June 15, 2010, WASHINGTON DC — — U.S. Senators proposed extending the 30% federal cash grants to renewable energy developers for another two years. Passed as part of the “2009 Recovery and Reinvestment Act”, Section 1603 gives 30% cash grants in lieu of investment tax credit (ITC) to renewable energy developers. Set to expire at the end of this year, the proposal would extend the Treasury-Department-issued grants until 2012. Though other Recovery Act programs have helped provide liquidity to the renewable energy, extending these cash grants is seen as vital to ensuring new solar, wind, and geothermal projects continue being installed across the United States.
      Prior to the “2009 Recovery and Reinvestment Act”, a 30% tax credit was given to renewable energy developers to incentivize projects. Developers then sought tax-equity partners in order to provide initial project funding. While large Wall Street banks were able to provide tax-equity services before the financial crisis; after credit markets dried up, cash grants were needed to spur continued growth in renewables. By giving developers direct access to capital, the grants provide crucial start up funding for renewable energy projects, which can run into the millions of dollars.
      The proposal comes in the form of an amendment to the “tax extender” portion of a $140 billion dollar federal unemployment and tax break extension package currently being deliberated in Congress. Six democratic senators, including Dianne Feinstein of California and Maria Cantwell of Washington, introduced the legislation last Tuesday. According to Feinstein, “The clean energy sector is the next frontier in jobs creation, so we need to ensure that developers can access financing to launch wind, solar and geothermal projects and put people to work.”
      The current grant program is credited with helping keep U.S. wind, solar, and geothermal markets afloat after the financial crisis evaporated many sources of funding for renewable energy developers. Now, industry insiders and analysts agree that the proposed extension is crucial to avoid a possible slowdown. The senators did not specify the exact cost of the latest bipartisan proposal but said it would be minimal and will help to “jumpstart” a transition to clean energy.
      It’s likely that as the grant-expiration deadline nears the federal government will act swiftly on the measure to prevent renewable energy sector from suffering a slowdown. The reliable funding provided from these incentives is vital to continued expansion and adoption of renewable energy in the United States. If this measure is passed, growth in renewables should continue to accelerate and increase as well as spur job creation in this important sector.
More about Flett Exchange:
      Flett Exchange operates a continuous, real-time trading platform where users can buy and sell solar renewable energy credits (SRECs). Flett Exchange offers long-term SREC contracts, public-auction services, power purchase agreements (PPAs), request for proposals (RFPs), voluntary REC markets, and solar consulting services for its clients. A pioneer in renewable energy markets, Flett Exchange has been publishing daily SREC settlement prices and other market data since 2007 bringing transparency, standardization, and fairness to renewable energy markets.
 
Source(s):

http://www.greentechnologydaily.com/energy/576-proposal-would-extend-cash-grant-for-renewables-to-2012

http://www.govtrack.us/congress/bill.xpd?bill=s111-2899

http://www.foxbusiness.com/story/markets/industries/utilities/senators-propose-extending-renewable-energy-grant-program/

      The Connecticut State Senate and House of Representatives passed State Bill 493 recently, but a veto from the Nutmeg State’s republican governor, M. Jodi Rell, has state democrats scrambling for votes to overturn her decision. Rell says the Bill, entitled “AN ACT REDUCING ELECTRICITY COSTS AND PROMOTING RENEWABLE ENERGY”, will accomplish neither of its two stated goals.
      Fed up with the nation’s second highest electric rates (Hawaii is number one), Connecticut residents, businesses, and municipalities are frustrated with their state government’s reluctance to provide relief. The Bill, a revised version of an earlier piece of legislation (SB 463), aims to cultivate Connecticut’s home-grown clean-energy industry by incentivizing energy efficiency, providing loans for investment in renewables, and subsidizing clean-generation with grants for residents, businesses, and municipalities. Among some of the Bill’s more ambitious objectives is a promise to install a minimum of 30 Megawatts of residential solar PV by the end of 2021, and financing for a tariff fund to subsidize up to 50 Megawatts of utility-scale solar PV capacity.
      The Bill would give municipalities new powers, allowing them to create loan programs and issue bonds in order to promote renewables and energy efficiency. It would also loosen requirements for a $200-500/kilowatt grant on “distributed resources”, such as on-site solar PV. Currently, the grants are only given if the project results in a reduction in Federally-Mandated Congestion Charges (FMCCs), a fee associated with interstate electrical transmission.
      In addition to removing the FMCC eligibility clause mandated in 2005, the Bill would cap the grant at $200/kilowatt for installers and $250/kilowatt for electric companies, decreasing down to $25 in 2013. The Bill also seeks better coordination between electric companies, businesses, municipalities, financing, and regulatory agencies. It also calls for more frequent compliance auditing, and the creation of a yet unnamed agency to review and approve guidelines for the new programs.
      The original proposal, SB 463, sought to fund the new loan programs by lowering Connecticut’s RPS and transferring the savings electricity companies would gain as a result into a special account used to subsidize the loan programs. But last minute changes to the Bill preserved incentives for energy efficiency, Combined Heating & Power (CHP), and solar PV, but removed the RPS reductions (Summary Section “B” Highlighted in YELLOW), leaving the original target of 20% by 2020 intact.
      The amended Bill, SB 493, was passed by an 81-40 vote in the Connecticut House and a 20-14 vote in the State’s Senate. Whether the democrats in the senate can rally enough votes to overturn the Governor’s veto remains to be seen. Until then, the future of Connecticut’s renewable energy program is uncertain.
 
Source(s):
http://www.cga.ct.gov/2010/TOB/S/2010SB-00463-R00-SB.htm (Full-text SB463)
http://www.cga.ct.gov/2010/TOB/S/2010SB-00493-R00-SB.htm (Full-text SB493)
http://www.cga.ct.gov/2010/VOTE/S/2010SV-00324-R00SB00493-SV.htm (Senate Vote)
http://www.cga.ct.gov/2010/VOTE/H/2010HV-00214-R00SB00493-HV.htm (House Vote)
http://www.cga.ct.gov/2010/rpt/2010-R-0178.htm (Summary)

U.S. Environmental Protection Agency Honors N.J. Board of Public Utilities

SREC Financing Model Receives Clean Air Excellence Award in Regulatory and Policy Innovations Category

NEWARK, N.J. – The New Jersey Board of Public Utilities (NJBPU) and New Jersey’s Clean Energy ProgramTM (NJCEP) have been recognized for New Jersey’s innovative solar financing model by the U.S. Environmental Protection Agency (EPA) through the Clean Air Excellence Awards Program. Established in 2000 at the recommendation of the Clean Air Act Advisory Committee, the Clean Air Excellence Awards Program annually honors outstanding innovative efforts that advance progress in achieving cleaner air. Award-winning organizations directly or indirectly reduce pollutant emissions, demonstrate innovation, offer sustainable outcomes, and provide a model for others to follow.

Recognized in the Regulatory and Policy Innovations category, New Jersey’s solar financing model is based on the use of Solar Renewable Energy Certificates or SRECs. Representing all of the clean energy benefits of a solar energy system, SRECs can be sold or traded separately from the power, providing solar system owners a recurring source of revenue to help offset the cost of installation.

“We are honored to receive this award from the EPA,” said Lee Solomon, President, NJBPU. “New Jersey’s SREC program is the first in the nation to successfully begin the transition from up-front incentives to a market-based system for project finance. By avoiding upfront incentives, the SREC program lowers the financial impact on ratepayers while continuing to motivate solar electricity installations.”

New Jersey is one of the fastest growing solar markets in the nation and one of the largest in terms of both installations and installed capacity. As of April 2010, more than 5,800 solar energy systems totaling 157 MW of solar capacity have been installed across the state. In addition to the use of SRECs, NJBPU’s integrated approach to solar development includes a strong Renewable Portfolio Standard with a solar set-aside that has helped to create sustainable demand and investor confidence. Interconnection and net metering standards have also made it easier for systems to connect to the distribution system.

“Innovation and commitment are the keys to environmental progress, and our Clean Air Excellence Award winners are tremendous examples,” said Gina McCarthy, EPA Assistant Administrator for Air and Radiation. “As we look to the future, these winners will help lead the way toward cleaner air and a healthier environment.”

For more information about the NJBPU or New Jersey’s Clean Energy Program visit NJCleanEnergy.com or call 866-NJSMART.

About the New Jersey Board of Public Utilities (NJBPU)
The NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by the NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about the NJBPU, visit our web site at www.nj.gov/bpu.

About the New Jersey Clean Energy Program (NJCEP)

NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State’s residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers’ energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is www.njcleanenergy.com.