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.”

Requirements for Proposals

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  • FAQ-175:
    We have been told we cannot produce more power with solar panels than what we used in the past 12 months. Is this true?

    When you say that you were “told that you cannot product more power than we used in the past 12 months” we assume that you are referring to requirements of the SREC Registration Program (“SRP”). To participate in the SREC-Based Financing Program (the “Program” for which we are the Solicitation Manager), a Project must have successfully completed the Initial Application process under the Renewable Energy Incentive Program (“REIP”) or the SREC Registration Program (“SRP”) administered by the New Jersey Clean Energy Program (“NJCEP”).   We do not administer the SRP and we can only refer you to the managers of that Program for further information:

    1-866-NJSMART

    NJREinfo@csgrp.com



    02/16/2011 in Requirements for Proposals

  • FAQ-174:
    Did the Solicitation Manager ever post the document for lessors described in FAQ #30? I have not been able to find it. Also, must a Developer "own" a Project in order to be a Proponent, or is it sufficient that the Customer agrees to assign his SRECs to the Developer and signs both the PJM-EIS-GATS Schedule A and the SREC PSA Appendix C?

    Many commercial arrangements can be accommodated within the Program, including the ownership of the premises, the ownership of the Project, and the benefit of the electricity generated by the Project all belonging to different parties. However, the assignment of SRECs to a party other than the Owner of the Project is not contemplated by the standard contract (the SREC Purchase and Sale Agreement or SREC PSA), which must be used for all awards under the Program. Under the SREC PSA, the party that owns the Project and the party that receives the SRECs and sells the SRECs to the EDC is one and the same.

    The commercial arrangement contemplated by FAQ #30 was a situation where the Customer was the owner of the SRECs and the eventual owner of the Project. The document referenced by FAQ #30 is available from the Solicitation Manager upon request by Proponents whose commercial arrangements are as described in FAQ #30. Please note that the document in question is not intended for other commercial arrangements or for use generally to effect the assignment of SRECs prior to submission of the Proposal. 

    We note also that once the Owner of a successful Project has signed the SREC PSA with the EDC (assuming the project is successful), the Owner may assign the benefits of the SRECs (i.e., the revenue from the SRECs received under the SREC PSA) to another party through its own arrangements as long as such an assignment complies with Section I of the SREC PSA.



    02/16/2011 in Requirements for Proposals

  • FAQ-168:
    If a customer is located in Vineland Municipal Utility territory, can the customer participate in the SREC-Based Financing Program as an ACE customer?

    Unfortunately, a customer served by Vineland cannot participate in the SREC-Based Financing Program ("Program"). One of the requirements of the Program is that the customer must be located in ACE's service territory and must be taking service under an ACE tariff.



    02/11/2011 in Requirements for Proposals

  • FAQ-166:
    Can I submit a proposal under the SREC Based Financing Program for a Project that is not permitted yet?

    We are unsure what you mean by "permitted". If this response does not address your question, please contact us again.

    One of the requirements of the SREC-Based Financing Program ("Program") is for the Project to have obtained an NJCEP Application Number. The NJCEP Application Number can be obtained either from the Renewable Energy Incentive Program ("REIP") or from the SREC Registration Program ("SRP"). Please note that currently only applications under the SRP are considered. It is expected that the Office of Clean Energy would only be able to issue an NJCEP Application Number in time for this upcoming solicitation for applications to the SRP that were received by Friday, February 4, 2011, accompanied with an ESFI notice of intent to participate or a cover letter indicating your intention to participate in the Program.

    Additional information on this Initial Application process under the SRP is available on the NJCEP web site: www.njcleanenergy.com/renewable-energy/programs/srec-registration-program/registration-forms.  No other permits or permissions are required for submission of a Proposal under the Program.



    02/10/2011 in Requirements for Proposals

  • FAQ-163:
    A client’s project has begun construction and an "application for interconnection" was filed with JCP&L. The client has not been granted final interconnection, but has received a "preliminary review and approval" and appears to be required to submit additional paperwork in the process. Is my client still eligible to participate in the SREC Based Financing Program?

    Yes, from your description of the facts it appears that your client is still eligible to participate.

    There are two steps to interconnection. The first step is the filing of an initial application that provides to the EDC the details of the system to be installed. The second step occurs after the system is installed. At that point, an application for authorization to operate and permission to interconnect is filed.

    From your description it would appear that only the first step has been completed thus far. A Proponent can complete the first step at any time with affecting the eligibility of the Project under the SREC-Based Financing Program (“Program”).   A Proponent cannot initiate the second step until the Board Order on the results of the solicitation.

    For JCP&L, the forms required and the timing of the second step of the interconnection are slightly different depending on the size of the system. (Please see the forms on the documents page of our Web site.) If you have further questions regarding interconnection, please reference the size of the system and the form used so that we may provide more detailed information relevant to this particular case.



    02/08/2011 in Requirements for Proposals

  • FAQ-160:
    Section 5.1.9 of the RFP Rules suggests that projects associated with any combination of affiliated developers under the same majority ownership will count towards the 20% cap. How are joint ventures that do not have a majority ownership by any single parent entity treated in terms of the developer cap?

    The provision you cite is as follows: The Solicitation Manager will apply the developer cap so that the combined awards across all solicitations in a given RPS Reporting Year for a given EDC (ACE or JCP&L) that are associated with any one Developer, or any combination of affiliated Developers under the same majority ownership, do not exceed 20% of the planned quantity for that EDC in that RPS Reporting Year by more than the larger of: (a) 150 kW; or (b) if the Program is undersubscribed in the prior Reporting Year, 30% of the system size of the last accepted Proposal associated with that Developer (or any combination of affiliated Developers under the same majority ownership).

    The provision, for a given EDC and a given RPS Reporting Year, applies as follows. If Project 1 is associated with Developer A, if Project 2 is associated with Developer B, and if Developer A and Developer B are under the same majority ownership, both Projects 1 and 2 will count toward the developer cap of the affiliated Developers A and B and their majority owner. The provision also applies in the following case. If Project 1 is associated with Developer C and Project 2 is associated with Developer C, Projects 1 and 2 will count toward the developer cap of Developer C. This is true whether or not Developer C is under majority ownership. The provision states that, if different developers are under the same majority ownership, projects associated with all affiliated developers count toward a single developer cap. The provision does not say that for the developer cap to apply to any one Developer for a given project, the Developer must be under majority ownership.

    A "Developer" need not be a single entity and could be a joint venture. Clearly, all projects associated with the joint venture, whether or not the joint venture has a majority owner, would count toward the developer cap of the joint venture. Furthermore, if two or more developers participated in a joint venture associated with Project 1, and one of these Developers (Developer D) also was associated with Project 2, the Solicitation Manager, in its recommendations, would count both Projects 1 and 2 toward the developer cap of Developer D.

    Please note that the Board, and not the Solicitation Manager or the EDCs, makes the awards under the SREC-Based Financing Program. The Board examines the Solicitation Manager's recommendations, including recommendations regarding the application of the developer cap, and the Board renders a decision on the basis of the facts, its previous Orders, and these recommendations.



    02/08/2011 in Requirements for Proposals

  • FAQ-158:
    My system is installed and operating, but I have not received my approval under the SRP or receive my NJCEP number. Does it appear that I am interconnected? If so, does that mean that the project is no longer eligible under the SREC Based Financing Program?

    It is not possible to make a complete determination on the basis of the facts you cite.What the Program specifies is that a Project must not be interconnected when the Proposal is submitted and that the bidder must not request interconnection prior to the Board Order on the results of the solicitation. Generally there are two steps to interconnection. The first step is the filing of an initial application that provides to the EDC the details of the system to be installed.A Project Owner may complete the first step and still be eligible for the Program.The second step occurs after the system is installed. At that point, an application for authorization to operate and permission to interconnect is filed. It is this second and last step that cannot be undertaken if the Project is to maintain eligibility for the Program. Please contact ACE so that you may make a definite determination of whether the Project is interconnected (i.e., whether the second step is complete).If it is interconnected, the Project is not eligible under the Program.



    02/08/2011 in Requirements for Proposals

  • Revised FAQ-156:
    Are there minimum credit requirements of the owner of the system or credit requirements of the system beneficiary under the SREC Based Financing Program?

    There are no credit requirements under the Program. Please note that the SREC-Based Financing Program ("Program") is not a loan program. Rather, each Electric Distribution Company ("EDC"), namely ACE, JCP&L, and RECO, is contracting through this Program to purchase solar Renewable Energy Certificates ("SRECs") from solar projects. This, in turn, provides a stable revenue stream to facilitate independent financing through loans or other financing mechanisms for renewable projects development and installation. Each EDC only contracts for the purchase of SRECs for the term of the SREC Purchase and Sale Agreement ("SREC PSA"), and not for energy or capacity associated with the Project.



    06/08/2011 in Requirements for Proposals

  • FAQ-139:
    A portion of our Project received acceptance for a CORE rebate. If we elect not to accept the CORE rebate, can we submit a Proposal for that Project under the SREC-Based Financing Program?

    Yes. Paragraph 1.2.12 of the RFP Rules states that Projects that received or will receive a rebate from the Customer On-Site Renewable Energy ("CORE") Program in force from 2001 to 2008 are not eligible to present a Proposal under the SREC-Based Financing Program ("Program"). If you have not yet received the rebate, and you elect not to receive the CORE rebate in the future, then your Project would be eligible to participate in the Program.



    01/20/2011 in Requirements for Proposals

  • FAQ-138:
    Are there any exceptions to the rule that prohibits projects that received or will receive rebates from the CORE Program from participating in the SREC-Based Financing Program?

    No. Paragraph 1.2.12 of the RFP Rules state that Projects that received or will receive a rebate from the Customer On-Site Renewable Energy ("CORE") Program in force from 2001 to 2008 are not eligible to present a Proposal under the SREC-Based Financing Program ("Program"). There are no exceptions as this is a condition of the SREC Purchase and Sale Agreement that Owners of Successful Projects must use when they receive an award under the Program. Please note that if the Owner of the Project had not yet received the rebate and elected not to receive the CORE rebate in the future, then the Project would be eligible to submit a Proposal under the Program.



    01/20/2011 in Requirements for Proposals


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