Welcome to our new website!

Some stuff happened with the SREC market recently, and we hope you'll bear with us as we flesh out the contents of this site.
We expect to add new content and functionality on a regular basis, so check back periodically to see what's new!
Also, you can sign up for an account and receive email updates on what's new with NJ SRECs!

Current pricing represents a significant decline in New Jersey SREC prices.
The main reasons for the decline of New Jersey SREC prices follow:

New Jersey was a short market with less SRECs available than were required by the New Jersey RPS (Renewable Portfolio Standard) and that is why prices traded at the $600+ level.

• The market, as of 8/31/2011 has turn become oversupplied by 12%. It is projected by the NJBPU Clean Energy Program that the market will be 30% to 42% over supplied with SRECs by December. Supply and demand is the driving force that has brought 2012 SREC prices lower.
• The 2012 Energy Year RPS requires 118MW of additional projects. We have built 47MW beyond the 118MW required for the 2012 Energy year as of 8/31/2011. In addition, there are over 540MW of approved projects in the NJCEP pipeline. The SRECs being produced have overtaken the RPS requirements which has served to lower SREC prices. The published SACP Rate is $658.00 for the 2012 Energy Year. The SACP penalty becomes irrelevant in the determination of price levels as prices drop below that utility penalty rate and supply and demand determines prices.
• Commercial projects this calendar year are enjoying a 30% federal tax grant or a 30% federal income tax credit. In addition, there is a 100% depreciation allowance this year for commercial projects. Even with low SREC values these projects will pay off in the long run. PPA’s for public projects fall into the same category as do PPA’s for residential projects which is why you see so many “free” residential solar systems being advertized this year. There will still be some carry forward of building because of these incentives in calendar 2012. Calendar 2012 depreciation is still 50% for commercial projects. There are still good for building new commercial projects well in to calendar 2012.
• The SREC market is designed to be an open market. Lower SREC prices serve to slow down building in theory and then the SREC prices go up. This concept may work as well with all the other incentives available making projects economically viable so projects may continue to build beyond the required pace which will keep SREC prices low.

Please let us try to keep you informed. If necessary please email questions and we will get back to you. All the changes have caused an onslaught of questions from our 1,800+ New Jersey customers so if we don’t get back to you promptly, please excuse us. We will keep you posted on developments by email.