Renewable Energy

Renewable Energy

Solar and Photovoltaic Renewable Energy Sources

New Jersey is committed to supporting the fast growing market for solar energy utilization as a renewable energy source. Financial project assistance can be found for New Jersey public utilities.

The support programs are constantly changing. The master plan calls for 30% of New Jersey electric demand to be supplied from renewable sources by the year 2020.

There are essentially two programs:

  • SREC Registration Program
    SREC stands for Solar Renewable Energy Certificate and is a tradable certificate that represents all the clean energy benefits of electricity generated from your solar electric system. A SREC can be sold or traded separately from the power. It is issued once a solar facility has generated 1,000 kWh, through either estimated or actual metered production, and can be listed on the bulletin board on njcleaneenergy.com
  • Renewable Energy Manufacturing Incentive (REMI)
    The second program is Renewable Energy Manufacturing Incentive (REMI). The program provides New Jersey businesses, local government, and non-profit organizations incentives to install photovoltaic (solar) systems that are manufactured in New Jersey.

It is interesting to note that neither the State of New Jersey nor its gas/electric utilities offer much of an incentive for Solar Energy Utilization for domestic hot water heating or general winter heating purposes. But, we have concluded that such systems remain attractive to the owner who is interested in an investment that has attractive return on investment (ROI) percentage ratio.

Two diagrams:

  1. Renewable Energy (Solar)Assisting High Efficiency Hydronic Gas Fired Heating System
  2. Grid tied with Battery Back-up System

Renewable Energy (Solar)Assisting High Efficiency Hydronic Gas Fired Heating System

Renewable Energy (Solar)Assisting High Efficiency Hydronic Gas Fired Heating System

Grid tied with Battery Back-up System

Grid tied with Battery Back-up System