New Jersey Board of Public Utilities Implements New Solar Incentive Program
Wednesday, Jul 28 2021
TRENTON, N.J. and WASHINGTON, D.C. — Today the New Jersey Board of Public Utilities (BPU) released its detailed plans to implement a new Successor Solar Incentive Program and close the Transition Incentive Program to new applications within 30 days.
The Successor Solar Incentive Program (SuSI Program) includes two sub-programs. The Administratively Determined Incentive (ADI) Program will provide a series of tiered incentives to net metered residential solar projects, net metered non-residential solar projects of 5 megawatts (MW) or less, and community solar projects. The ADI also provides temporary incentives to projects located on contaminated lands or landfills. A Competitive Solar Incentive (CSI) Program for grid-scale projects and net metered non-residential projects over 5 MW is anticipated to launch in early-to-mid 2022, following additional stakeholder engagement throughout the summer and fall.
Following is a statement by Scott Elias, senior manager of state affairs, mid-Atlantic for the Solar Energy Industries Association (SEIA):
“We’re pleased that the BPU took industry comments into account and responded to several of our major concerns in the final design of the successor program, which consists of fixed incentives for smaller, distributed projects, new incentive levels for public entities like schools and municipalities and incentives based on competitive solicitations for larger projects. The revised incentive levels provide a framework for the solar industry to continue to create jobs and private investment in New Jersey while balancing ratepayer impacts.
“SEIA will be monitoring the program’s impact across all market segments over the next year and looks forward to working with the BPU to make any necessary adjustments to the program. SEIA will also be engaging with the BPU on a competitive solicitation design for larger projects.
“The BPU’s actions today are a positive step toward meeting Governor Murphy’s clean energy objectives. SEIA looks forward to working with the BPU to ensure a smooth transition to the SuSI Program.”
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
Morgan Lyons, SEIA's Senior Communications Manager, [email protected] (202) 556-2872