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SEIA Statement on New Jersey Transitioning Away From its SREC Program

Thursday, Dec 27 2018

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Press Release

WASHINGTON, D.C. - The New Jersey Board of Public Utilities (BPU) has released its detailed plans to close the Solar Renewable Energy Credit (SREC) program to new applications and transition to a successor program.

Following is a statement from Sean Gallagher, vice president of state affairs for the Solar Energy Industries Association (SEIA):

"The solar industry is pleased with the BPU’s plans for closing the existing SREC market and starting the transition to a successor program. This approach should allow enough time to develop a new program and provide continuity for the New Jersey solar market through 2020.

“The BPU’s actions this week are positive steps toward meeting the Murphy administration’s clean energy objectives and we look forward to working with them as the transition details are ironed out over the next several months.”

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About SEIA®:

Celebrating its 44th anniversary in 2018, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 250,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

Media Contact:

Morgan Lyons, SEIA's Senior Communications Manager, mlyons@seia.org (202) 556-2872