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-131:
    My solar system is built. How do I interconnect my solar system?

    We are the managers for the SREC-Based Financing Program but we do not coordinate the interconnection of Projects. Please contact the Electric Distribution Company directly. The contact information can be found here: http://www.njcleanenergy.com/renewable-energy/programs/net-metering-and-interconnection/interconnection-forms



    01/13/2011 in General

  • FAQ-129:
    What is the cost of a solar system and can our home be checked for energy efficiency?

    We administer the SREC-Based Financing Program ("Program") for ACE, JCP&L, and RECO. We cannot comment on the cost of solar systems or inspections for energy efficiency but we do suggest that you contact solar developers or installers in this regard.



    01/13/2011 in General

  • FAQ-128:
    My Project received a CORE Program rebate in February 2009. Can I participate in the SREC-Based Financing Program?

    A Project that has received and will receive a rebate from the Customer On-Site Renewable Energy (“CORE”) Program in force from 2001 to 2008 is not eligible for the SREC-Based Financing Program. It is our understanding that the CORE Program ended on December 31, 2008. Thus, even if your approval letter was received after that date, or if you may receive the rebate after that date, the award that the Project received appears to have been under the CORE Program in force in 2008, which unfortunately makes the Project ineligible for the SREC-Based Financing Program.



    01/13/2011 in General

  • FAQ-127:
    I just received my first SREC. How do I sell it?

    If you have received an award under the SREC-Based Financing Program ("Program") in a prior solicitation and your solar project is now generating SRECs, please consult the PJM-EIS GATS Process Document posted to the Documents page of our Web site and contact your EDC (ACE, JCP&L, or RECO). If you have NOT received an award under the Program in a prior solicitation and your solar project is now interconnected and generating SRECs, you are no longer eligible to participate. The Program is aimed at new projects that are not yet interconnected.



    01/13/2011 in General

  • FAQ-125:
    Can the Solicitation Manager release any specific information about projects that received awards in prior solicitations?

    Once the Board renders a decision on the results, the Solicitation Manager prepares the following information for public release:

    • total number and total MW of Projects that submitted Proposals;
    • total number and total MW of Projects that received awards;
    • total number and total MW of Projects that were rejected; and
    • the low and average prices of the accepted Projects.

    These information releases are available on the Announcement page (for example, see the announcement of December 23, 2010 for the results of the fifth solicitation).  Further, the Board Orders approving amounts that were accepted in past solicitations are posted on the Documents page of the Web site under the heading "Results and Board Approvals".



    01/13/2011 in General

  • FAQ-124:
    Who do I speak to for interconnection of our current system?

    We are the managers for the SREC-Based Financing Program but we do not coordinate the interconnection of Projects.  Please contact the Electric Distribution Company directly.  The contact information can be found here.



    10/11/2010 in General

  • FAQ-123:
    Are pre-existing systems eligible to participate in the SREC-Based Financing Program?

    Existing projects that are interconnected are not eligible.

    The program is designed to facilitate financing of new solar installations by providing an opportunity to engage in ten to fifteen year SREC contracts at a fixed price. A Project is considered “new” if it is not yet interconnected and if the Owner of the Project does not request interconnection prior to the Board Order on the results of the solicitation.  However, the Project must have completed the Initial Application process under the Renewable Energy Incentive Program (“REIP”) or the SREC Registration Program administered by the Board of Public Utilities.



    10/11/2010 in General

  • FAQ-120:
    We are interested in installing a solar project on our premises.  How can the SREC-Based Financing Program help us with securing the capital to fund the Project?

    The SREC-Based Financing Program ("Program") is not a loan program and does not provide payments specifically to offset the cost of the installation of solar panels. Rather, each EDC (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, and not for energy or capacity.

    Proponents do not submit to the Solicitation Manager their financing arrangements as part of their Proposals. Financing arrangements are not part of the evaluation for the Projects. Thus, we do not have direct knowledge of financial institutions that provide financing on the basis of the SREC-Based Financing Program.

    Please consult the Calendar section of our Web site for the dates for the current solicitation. All forms and documents necessary for the Proposal are posted on the Documents page of the Web site.



    10/11/2010 in General

  • FAQ-118:
    When can a Successful Proponent in the SREC-Based Financing Program request interconnection? The RFP Rules state that a Successful Proponent would not be able to do so until the Board Order on the results of the solicitation. Is that the date that the Order is issued or is it the date when the Board Order becomes final and no longer subject to appeal?

    A Proponent may request interconnection after the Board Order on the results of the solicitation has been issue.  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.  The Proponent is not required to wait until the Board Order becomes final.



    10/11/2010 in General

  • FAQ-116:
    Are payments for SRECs considered taxable income? Do the EDCs issue a 1099 for the value of SRECs?

    Please consult your tax advisor regarding any taxes that may apply to payments for SRECs sold as well as any tax credits or allowable expenses that may be available. We would assume that the revenue from selling SRECs must be reported to taxing authorities.

    The EDCs have not determined whether they will issue a 1099. The EDCs will, as part of normal business practices, make all required reports to tax authorities and obtain any taxpayer information required for that purpose.



    10/11/2010 in General


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