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.”

General

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  • FAQ-287:
    For the September 2011 solicitation, if I submit a project for RECO that is larger than RECO’s planned quantity of 154.31 kW, can the system be partially awarded for 154.31 kW? In other words, can I break up the project into two parts—one part that is 154.31 kW and another part that is the remaining size of the project?

    The planned quantity for RECO in this upcoming solicitation is 154.31 kW.  The RFP Rules state that when the Solicitation Manager makes the initial selection of bids, the first rejected Project is the first Project for which the quantity selected exceeds the planned quantity by more than 150 kW, or the first Project for which the Price is not competitive, whichever comes first.  Thus, under this initial selection a project of up to 304.31 kW could initially be selected for RECO.  The Board determines the awards and the final selection of Projects for each EDC.

    If you submit a Proposal for a Project, the Proposal must be for the entire Project so that if the Owner received an award under the Program, the Owner would sell all SRECs produced by the Project to an EDC.  A partial purchase of a Project is not possible under the Program.

    We assume from your question that if you "break up" the installation into two parts, there would be two systems in the same location.  Under the Program, a Project is tied to a given EDC meter (and given customer account) and to a given NJCEP Initial Application number (obtained under either the Renewable Energy Incentive Program ("REIP") or the SREC Registration Program ("SRP")).  You may submit a Proposal for one or both of these Projects, as long as each Project is tied to a different EDC meter, and each Project has a different NJCEP Initial Application number.  Please note that any Project submitted to the Program must also otherwise satisfy all requirements under the Program.  Please consult the RFP Rules available on the Documents page of our Web site for the complete requirements under the Program.



    09/19/2011 in General

  • FAQ-285:
    Is Round 8 the last solicitation under the Program or will there be another round?

    Please note that there is only one solicitation (Round 8) confirmed to take place in 2011 under the Program. The schedule for this solicitation (Round 8) is posted to the Calendar page.  There will only be an additional solicitation with pricing proposals due on December 2, 2011 if the EDCs do not receive a sufficient number of competitive proposals in this current solicitation to fill the remaining capacity planned under the Program.  At this point RECO is looking to procure an additional 154.37 kW; the remainder of RECO's goal has been filled.



    09/01/2011 in General

  • FAQ-284:
    How does the increase in the EDC-specific quantities for the September 2011 solicitation provided in your August 17, 2011 announcement affect the 2012 Reporting year planned quantities and the application of the Developer Cap?

    The planned quantities for the 2012 RPS Reporting Year are provided in Table 1 of the RFP Rules dated August 17, 2011. Please note that these planned quantities were announced by the Board and have not changed. Please also note that, under the Developer Cap, the capacity of Projects awarded to a Developer or group of affiliated Developers may exceed 20% of the planned quantity for an EDC but by no more than 150 kW or 30% of the last accepted Project, whichever is greater.



    08/27/2011 in General

  • FAQ-283:
    Please clarify the terms “Owner”, “Customer” and “Host” as used under the Program.

    The “Owner” is an individual or company that owns the Project and who would be the Seller under the SREC Purchase and Sale Agreement should the Project be successful under the Program. A “Host” is an individual or entity that owns the premises or facility where the Project will reside. A “Customer” is a ratepayer in ACE’s, JCP&L’s or RECO’s service territory at the premises or facility where the Project will reside; the name on the utility bill is the Customer’s



    08/27/2011 in General

  • FAQ-280:
    We would like to submit a project with more than one SREC generator for the SREC-Based Financing Program. How should we submit an SREC Registration Program (“SRP”) application?


    It is unclear to us what you mean by an “SREC generator”. We can provide the following general information.

    A given Project considered under the SREC-Based Financing Program (“Program”) is tied to a given EDC meter and to a given SREC Registration Program ("SRP") number. We are the Solicitation Managers for the SREC-Based Financing Program but the SRP is administered by the New Jersey Clean Energy Program (“NJCEP”). For further information about the SRP we refer you to their managers whose contact information is the following: 1-866-NJSMART or through a web form on this page.



    08/27/2011 in General

  • FAQ-278:
    My project has not been installed, but I have preliminary approval for Level 1 interconnection from my EDC. Am I still qualified for the coming round of solicitation?

    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 Proponent can complete the first step at any time without affecting the eligibility of the Project under the SREC-Based Financing Program (“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. A Proponent may initiate this second step only after the Board Order on the results of the solicitation.

    The Board Order is issued typically within a few days of the Board renders a decision on the results of the RFP. The calendar on the RFP Web site provides the date at which Board is expected to render its decision.



    08/27/2011 in General

  • FAQ-277:
    Are you required to purchase an SREC meter from the EDC if you participate in the SREC-Based Financing Program?

    Yes. The Owner of the Project must purchase an SREC meter as provided for in Section 6.A of the SREC Purchase and Sale Agreement. The SREC Meter will measure the output of the Project, in accordance with the EDC’s standards and any applicable regulatory standards. Such a meter must be located in an enclosure adjacent to the existing EDC meter. For more information regarding SREC meters, please consult the documents under the heading "Information on SREC Meter Rules and Regulations" on the

    Documents

    page of our Web site.



    08/27/2011 in General

  • FAQ-276:
    Why are Projects that are interconnected at transmission voltages or that do not agree to the net metering arrangements under the SREC PSA not eligible under the SREC-Based Financing Program?

    These are the rules of the Program that were approved by the Board. We cannot speak to the reasons for the Board’s decision, which is memorialized in the Board Orders under the heading “Documents from the NJ CEP Utility Financing Program page” on the

    Documents

    page of our Web site.



    08/27/2011 in General

  • FAQ-275:
    I understand that the maximum size of a single project that could be bid into the September 2011 solicitation in ACE’s territory is 1,978.674 kW. What is the maximum size of two projects by the same developer that could be bid into the September 2011 solicitation in ACE territory? Please respond with sizes for each of the two projects.

    The Solicitation Manager will apply the Developer Cap to the combined awards across all solicitations in the 2012 RPS Reporting Year for a given EDC (ACE or JCP&L) associated with any one Developer, or any combination of affiliated Developers under the same majority ownership for that EDC. Please note first that there is no separate maximum size for the Eighth Solicitation only. Any limit is on the size of all awards associated with any one Developer or any combination of affiliated Developers under the same majority ownership for an EDC in the 2012 RPS Reporting Year (and thus for the Seventh and Eighth Solicitations combined – and possibly for a Ninth Solicitation as well if such a solicitation is held).

    Second, please note that the Developer Cap calculation depends on the “last accepted Proposal associated with that Developer”, which is the Proposal with the higher bid price that is still selected for an award. Specifically, the quantity awarded to any one Developer, or any combination of affiliated Developers under the same majority ownership for JCP&L or ACE in the 2012 RPS Reporting Year, cannot exceed 20% of the planned quantity for that EDC in the 2012 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). For ACE, 20% of the planned quantity is 1385.072 kW.

    Third, as your question asks for an assessment of the Developer Cap with two Projects, but the manner in which the Developer Cap is applied depends on which of the two Projects has the higher bid price, a general answer CANNOT be provided. Instead, we provide the following explanations for the case of a Developer submitting two Projects in the ACE territory and these explanations are valid for that case only. Further, we provide examples that are for illustrative purposes only. 

    1) If a Developer submits two Projects in the ACE territory and the higher priced of two Projects is 500 kW or less, the Developer Cap across both Projects is 1535.072 kW. 

    Example 1. A Developer submits a 305 kW Project at $299/SREC and a 1,200 kW Project at $250/SREC. The “last accepted Project” or higher priced Project is the 305 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 305 kW (91.5 kW); is 150 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 150 kW. The Developer is within the Developer Cap if both Projects are accepted in this example because the combined size of the two Projects (1,505 kW) is less than the Developer Cap of 1,535.072 kW (=1,385.072 kW + 150 kW).

    2) If a Developer submits two Projects in the ACE territory and the higher priced Project is above 500 kW, the Developer Cap across both Projects is 1,385.072 kW plus 30% of the size of the higher priced Project, up to a maximum of 1,978.674 kW.

    Example 2. A Developer submits a 305 kW Project at $250/SREC and a 1,200 kW Project at $299/SREC. The “last accepted Project” or higher priced Project is the 1,200 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 1,200 kW (360 kW); is 360 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 360 kW. The Developer is within the Developer Cap if both Projects are accepted in this example because the combined size of the two Projects (1,505 kW) is below 1,745.072 kW (= 1,385.072 kW + 360 kW). 

    Example 3. A Developer submits a 1,200 kW Project at $299/SREC. The Developer wants to submit a second Project in ACE territory that will be bid at a price of $250/SREC. How large can the second Project be while staying within the Developer Cap? The “last accepted Project” or higher priced Project is the 1,200 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 1,200 kW (360 kW); is 360 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 360 kW. The Developer is within the Developer Cap if the combined size of the two Projects is at or below 1,385.072 kW + 360 kW = 1,745.072 kW. Thus, if the first Project is 1,200 kW, the second Project can be 545.072 kW or smaller.

    Each Proponent and Developer is ultimately responsible to make its own assessment of how the Developer Cap may or may not apply to the Projects for which they submit Proposals under the Program. Please note that the examples above are for the case where two Projects are submitted to the Program in the ACE territory and is not a general answer that applies in all circumstances. Without limitation, we note that the examples above consider Projects in the ACE territory only and do not consider the possibility that the Proponent is submitting more than two Proposals under the Program in the ACE territory, or the possibility that a Developer would have already Projects accepted under the Program in RPS Reporting Year 2012 in the ACE territory.



    08/27/2011 in General

  • FAQ-274:
    Does the SREC-Based Financing Program have requirements for the type of panel I use to build my solar system?

    No. The Program requires that you provide a description of the equipment. However, a Project cannot fail to qualify for the Program on the basis of the type of panel used to build the solar system.



    08/27/2011 in General


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