FAQs

Answers to your Frequently Asked Questions ("FAQs") are posted on this page. To ask a question, please use our automated form. FAQs will be posted every Wednesday. FAQs will be posted daily during the week prior to the deadline for submitting Pricing Proposals and Qualification Materials.”

All FAQs

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FAQ-209:
Is there a maximum number of SRECs that the EDC will purchase under the SREC PSA? How it is calculated?

The SREC Purchase and Sale Agreement ("SREC PSA") specifies that the EDC will purchase SRECs from a Project that has received an award from the New Jersey Board of Public Utilities up to a maximum calculated on the basis of the DC nameplate capacity and 1,300 hours. The Project must be properly sized in relation to annual energy consumption at the site in order to qualify for net metering under the net metering rules.

The SREC PSA has a provision for purchase of SRECs from the Project beyond this amount. If the Project produces more SRECs than this amount the EDC has the option (but not the obligation) to purchase any or all of the excess SRECs at 95% of the purchase price.

05/26/2011 in Requirements for Proposals
FAQ-208:
Our system may not produce at full capacity early on due to some obstruction from trees. Would this affect us negatively in competing for an award under the Program?

The fact that a Project with a given DC nameplate capacity rating may or may not be producing at full capacity for a period of time does not affect the evaluation of the bid submitted for that Project. The evaluation of bids is on the basis of the Net Present Value ("NPV"), which is calculated on the basis of the bid price and the selected duration for the Project (between 10 and 15 years). There is no qualification requirement that the Owner of the Project commit to the Project producing at full capacity at any given point in time.

05/26/2011 in General
FAQ-207:
I have questions about the JCP&L Interconnection Application. Who should I contact?

For interconnection questions, please see the information on the Office of Clean Energy page: http://www.njcleanenergy.com/renewable-energy/programs/net-metering-and-interconnection

Contact information for each EDC can be found here: http://www.njcleanenergy.com/renewable-energy/programs/net-metering-and-interconnection/interconnection-forms

05/26/2011 in General
FAQ-206:
I understand that when applying to the SREC Registration Program (“SRP”), which is administered by the NJCEP, I should include a cover letter indicating my intention to participate in the SREC-Based Financing Program. To what postal address should I send the cover letter and NJCEP application materials?

Your cover letter should be provided with your SREC Registration Program ("SRP") materials at:

New Jersey's Clean Energy Program

c/o Conservation Services Group

75 Lincoln Highway, Suite 100

Iselin, New Jersey 08830

Phone: 866-NJSMART (866-657-6278, ext. 3)

njreinfo@csgrp.com

05/26/2011 in General
FAQ-205:
have a Project previously approved under the REIP and we intend to present a Proposal under the Program for that Project in this solicitation. Should I be providing the ESFI Intent to Participate Form to the Office of Clean Energ

If you have received approval from the Office of Clean Energy under the REIP, you are not supposed to submit an ESFI Intent to Participate Form. Such a form is intended only for residential projects up to 10 kW or non-profit/public projects submitting to the SREC Registration Program ("SRP") during 2011.

05/26/2011 in Requirements for Proposals
FAQ-204:
We are submitting our application for the SRP, but understand that it may take about 8 weeks before we would receive our NJCEP number. Is there any way we can expedite the SRP process so we can participate in the SREC Based Financing Program?

The information that we have from the Office of Clean Energy is that an NJCEP Application Number can be issued in time for this upcoming solicitation if you submit a complete application to the SRP no later than Friday, May 20, 2011 at 4PM EST. Further, please alert the Office of Clean Energy of your intent to participate in our SREC-Based Financing Program by submitting an ESFI notice of intent to participate (for residential projects up to 10 kW or non-profit/public projects up to 50 kW) or a cover letter (for other projects) stating your intention to participate.

For the Expression of Interest to be complete and compliant with the terms of the RFP, it must include your NJCEP Application Number.If you submit your Expression of Interest without an NJCEP Application Number, your Expression of Interest will be incomplete, and the Solicitation Manager will send you a deficiency notice. You will be given until 5:00 PM (eastern prevailing time) on the deadline to cure EOI deficiencies (June 9, 2011) to provide the NJCEP Application Number, as well as any other missing or incomplete information. If you cannot provide the requested information by the deadline to cure EOI deficiencies, you will not be able to submit a Pricing Proposal or participate further in the current solicitation.

05/20/2011 in Requirements for Proposals
FAQ-203:
My EDC, JCP&L, is requiring a meter that must be purchased through the EDC, is this a separate meter besides the bi-directional that is being installed by the EDC?

Under the SREC Purchase and Sale Agreement ("SREC PSA"), the owner of the project ("Owner") agrees that the EDC will install, own, and maintain an EDC kilowatt-hour meter (the "SREC Meter"). The SREC meter is the only meter used for registering SRECs under the SREC PSA. The EDC is responsible for monthly meter readings from the SREC Meter. The EDC will also be responsible for uploading the monthly meter readings from the SREC meter to the PJM-EIS GATS system. The installation of the SREC Meter must be in an enclosure adjacent to the existing EDC meter and in accordance with the EDC’s requirements and any applicable regulatory standards. The installation and arrangements for the installation of the SREC Meter will be at the Project’s sole cost and expense.

For JCP&L, in practice, the customer fills out a request for installation of the meter and submits this form to JCP&L (the form is posted to the Documents page of our Web site and is attached for your convenience). JCP&L invoices the customer for the cost based on the required meter. JCP&L installs the meter once the invoice is paid.

05/20/2011 in General
FAQ-202:
The general project guidance states that a project is not eligible if "A portion (less than 2,000 kW) of a project that exceeds 2,000 kW in aggregate" Does that mean that bigger projects can be submitted, but only 2,000 kw of the project can be considered for the program or that absolutely no project over 2,000 kw will be considered?

No, that is incorrect. The guidance is that a portion (less than 2,000 kW) of a project that exceeds 2,000 kW in aggregate is NOT eligible. Projects that exceed 2,000 kW may NOT be submitted. A Project greater than 2,000 kW, even if the SRECs under PSA are restricted to 2,000 kW or less, is NOT eligible.

05/20/2011 in Requirements for Proposals
FAQ-201:
Can you provide me information regarding the $0.50/Watt incentive for residential and/or public/non-profit projects?

The $0.50/Watt incentive is offered by the Office of Clean Energy to residential projects (up to 10 kW in size) and to public/non-profit projects (up to 50 kW) to Projects that are successful in the Initial Application Process of the SREC Registration Program (“SRP”) and that receive an award from the Board for their participation in 2011 in the SREC-Based Financing Program for JCP&L, ACE, or RECO.

We are the Solicitation Manager the SREC-Based Financing Program for JCP&L, ACE, or RECO but we do not administer the $0.50/Watt incentive. For information regarding the $0.50/Watt incentive for Residential Projects, we refer you to the Office of Clean Energy Web site: http://www.njcleanenergy.com/renewable-energy/programs/srec-registration-program/edc-solar-financing-incentive

To be clear, there are potentially three components to the process:

(1) The initial application process under the SREC Registration Program (“SRP”).
(2) Participation in the SREC-Based Financing Program in your EDC territory (JCP&L, ACE, or RECO, but not PSE&G)
(3) The EDC Solar Financing Incentive (“ESFI”) of $0.50/Watt.

To obtain the incentive, you would first need to complete the initial application process under the SRP. At that time, you would submit an ESFI notice of intent to participate, which alerts the Office of Clean Energy that you intend to participate in the SREC-Based Financing Program and apply for the incentive. You would then apply to the SREC-Based Financing Program and we provide the steps to this process below. If you receive an award from the New Jersey Board of Public Utilities under the SREC-Based Financing Program, you would then be eligible to receive the incentive. As Solicitation Manager, we administer the second of these three steps – and the Office of Clean Energy is responsible for the first and third steps.

Through the SREC-Based Financing Program ("Program"), proponents can enter into long-term contracts to sell the solar Renewable Energy Certificates ("SRECs") generated by their Projects to an EDC. The EDCs, or Electric Distribution Companies, are ACE, JCP&L, and RECO. Through this Program, each EDC is contracting only to purchase SRECs from solar projects – the EDC is not purchasing the energy or capacity associated with the Project.

If the Program interests you and you have not already done so, we encourage you to stay updated about the Program by registering for our mailing list. If you register, we will send updates and reminders about important dates directly to you by email.

Please note the due dates for the Round are posted to the Calendar sectionof our Web site. In particular, to complete the SRP application process, you should submit a complete application to the SRP no later than Friday, May 20, 2011 at 4PM EST and submit at that time an ESFI notice of intent to participate. Expressions of Interests in the SREC-Based Financing Program are due on June 6, 2011. Bids and Qualification Materials in the upcoming solicitation are due June 10, 2011.

A Proposal in the SREC-Based Financing Program is submitted in three steps.

The first step is to fill out the Expression of Interest (“EOI”). Please see the document called "NJ EDC Solar RFP Appendix 2 - Expression of Interest Form" on the Documents page of our web site. You will need the application number assigned to the Project under the Initial Application Process of SREC Registration Program ("SRP") to complete the form. You can submit the form through email at NJsolar@nera.com. Once you complete the EOI, the Solicitation Manager will send you by email information necessary for the submission of your Pricing Proposal.

The second step is to submit a Pricing Proposal. The Pricing Proposal form will require that you provide details regarding the Project, including the size and EDC territory in which the Project resides, and your bid price for the SRECs. Your Bid Form will be provided to you by the Solicitation Manager once your EOI is complete; however, you may consult the document called NJ EDC Solar RFP Appendix 3 - Sample Bid Form on Documents page of our web site to understand the information that will be required to provide. The Bid Form is submitted through electronic transfer; instructions for this step are provided to you once you have successfully completed the EOI. In your Pricing Proposal, you will submit a single price for all SRECs and you will choose a term for the contract between 10 and 15 years.

The third step is to submit Qualification Materials. The required information and documents are described in Article 4 of the document entitled RFP Rules. The forms (including the Proposal Summary Sheet and the Certifications and Checklist for Qualifications) that you will need to submit your Qualification Materials for this solicitation are available on the Documents page of our web site. The Proposal Summary Sheet is submitted by email while the rest of the Qualification Materials are submitted by overnight delivery service.

An overview of these steps is provided in our Program Guide, which can be found on the Documents page of our web site.

05/20/2011 in General
FAQ-200:
The Project Proposal Summary Sheet (Appendix 4 of the RFP) asks for a description of the equipment. Please describe how this information will be used, and if a change of equipment is allowed after the Project has received an award.

Prior to execution of the SREC Purchase and Sale Agreement ("SREC PSA"), the description of the equipment provided in the initial application to the NJCEP and provided in Appendix 4 should be based on the best information available to the Proponent at the time. If the Project receives an award under the Program, information from the Project Proposal Summary Sheet is used to prepare Appendix B to the SREC PSA. Although the Owner of a Successful Project would provide to the EDC any updated information regarding the description of the equipment in the preparation of Appendix B, it is with the understanding that such a change would be unusual, and that any change in information from what had been provided in Appendix 4 (the Project Proposal Summary Sheet) or to the NJCEP would be non-material and would not affect in any way the Project's eligibility to participate in the Program or to receive an award. A substitution in the equipment for a similar item would likely be such a non-material change. Any such change should be provided to the EDC prior to the full execution of the SREC PSA.

Once the SREC PSA is executed, which occurs no earlier than forty-five days following the date of service of the Board Order on the solicitation results, the Project must comply with the description of Appendix B to the SREC PSA. However, if there is a change in the size of the constructed Project compared to what had been anticipated, the Owner may request that the EDC approve such a modification. The EDC will approve such a modification provided that the modification does not exceed 10% of the original size, provided that the Project continues to satisfy all other requirements related to this Program, and provided that this modification: (a) does not change the segment to which the Project belongs; (b) does not cause the Developer Cap to be exceeded; and (c) does not cause the Project to exceed 2 MW.

05/20/2011 in Requirements for Proposals

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