Hi, I'm SOLAR BUDDIE! My eyes will follow your mouse, and I help you navigate the NJSREC website!
Use the "How to Transfer" button below for instructions to Transfer RECs.
The TOTAL number of RECs you have determines your price. Example: If you have a total of 11 RECs from several energy years, use the 11-24 bracket to determine the price for each Energy Year.
You should enter generation between the 1st and 15th of the month. GATs will post your RECs 5 to 7 business days after generation is entered.
Important! When determining REC prices, you must use the Energy Year, which runs June to May. NOT the calendar year!
Click on any of the energy year boxes below, and I will show you more information.
We do not charge fees or commissions on SREC spot market transactions of any size. NO fees for ACH Direct Deposit.

2012

Energy Year Dates: 
Wednesday, June 1, 2011 to Tuesday, May 1, 2012
2 to 3: 
$0.00
4 to 10: 
$0.00
11 to 24: 
$0.00
25+: 
Please email us for a quote and authorization!

2012 Energy Year NJ SREC information:

  • The New Jersey 2012 Energy year NJ SRECs will be tagged 2011/06 through 2012/05. SREC energy year is not based on a calendar year but rather the New Jersey Energy Year which starts every June and extends for twelve (12) months. When determining what month(s) SREC(s) you hold, also called vintage and minted date use the “month of generation”, that is the correct date. The other date show for each SREC(s) is the “REC creation” date and that is not the date to use
  • Our website 2012 energy box indicates the date and time when our current 2012 Energy Year bid took effect. Prices are subject to change without notice UP or DOWN and the posted web price is the price we will pay you for spot market SRECs with NO FEES deducted.  All SREC transfers must be done on the www.PJM-EIS.com website. You cannot transfer SRECs on our website or on other websites.
  • You must check our Website and use our current Bids (prices) when making transfers on the GATS platform. NJ SRECs transfers on the GATs platform are time stamped. It is a good idea to refresh our website to make sure you have the correct current price.
  • Our 2012 Energy Year bids are our spot market* prices. *(one time sale with no future obligation)
  •  2012 Energy Year SRECs are compliant with the 2013 and 2014 Energy Years.
  • Be aware that even though SRECs maybe compliant with future Energy year requirements, that does not necessarily mean they will have the same value as the current energy year at that time. So far, older SRECs have always been worth less in an oversupplied market such as we have. SRECs can be valued in the SPOT market between zero (0) and the SCAP, the utility penalty.
  • Note: The 2012 Energy Year SRECs will expire 12/01/2014. It may not be prudent to wait until the last month to sell these expiring SRECs.
Effective Date: 
Monday, November 24, 2014 - 3:00pm
Bid or no Bid?: 
0

The 2012 New Jersey SREC Market

The current 2012 SREC market.

As is now a well know reality, New Jersey 2012 SRECs are currently worth much less than SRECs were worth for the previous several years where SRECs usually traded in the $600's. It should be noted that in the initial years of the New Jersey program SRECs traded $145 to $280.

To understand what the price of an SREC can be, there are several concepts that should be understood as follows:

Welcome to the NEW NJSREC.com Website!

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.

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