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Solar power in New Jersey: Wikis

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Solar power in New Jersey has been aided by a Renewable Portfolio Standard which requires that 22.5% of New Jersey's electricity come from renewable resources by 2021, and by one of the two most favorable net metering standards in the country, along with Colorado, both of with allow unlimited customers up to 2 megawatts each to use net metering.

New Jersey is second in the nation in the total number of homes and businesses which have solar panels installed. As of December 31, 2008, 3,548 solar photovoltaic systems have been installed.[1] Many of the homes, schools and businesses which have installed solar panels can be monitored online on the internet.[2]

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Net metering

New Jersey has one of the two best net metering laws, along with Colorado, and is one of five states to receive an A in a comparison of the 38 states plus Washington D.C. which have net metering. Five received an F.[3] New Jersey and Colorado are the only two states to allow unlimited net metering customers, up to 2 megawatts for each customer.

Incentives

The New Jersey Clean Energy Program provides a rebate of $1.75/watt for residential systems less than 10 kW with an energy audit, or $1.55/watt without an energy audit. Non-residential photovoltaic systems up to 50,000 watts receive a rebate of $1.00/watt. An additional $0.25/watt for each is available for systems partially manufactured or assembled in state, such as inverters or solar PV modules.[1] The rebate had, prior to February 2, 2009, been $3.50/watt. During 2009 and 2010 the 30% Federal tax credit becomes a 30% grant for systems completed or started during those two years and completed before 2017, and beginning in 2009, has no limit either for commercial or residential systems. Prior to 2009 residential credits were capped at $2,000.

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Renewable Portfolio Standard

New Jersey's renewable portfolio standard (RPS) is one of the most aggressive in the United States and requires each electricity supplier/provider to provide 22.5% from renewable energy sources by 2021. In addition, 2.12% must come from solar electricity, an amount estimated to be 1,500 megawatts (MW). Solar Renewable Energy Certificates (SRECs) may be sold, typically from $0.40 to $0.71/kWh.[4]

Total Photovoltaics
Year kWp
2001 9
2002 773
2003 1,530
2004 3,674
2005 9,200
2006 27,070
2007 47,504
2008 62,701

[5]

References

  1. ^ a b Renewable Energy Incentive Program: Customer Sited Incentives
  2. ^ Live monitoring
  3. ^ Report: States Falling Short on Interconnection and Net Metering
  4. ^ NJ Board of Public Utilities - Solar Renewable Energy Certificates (SRECs)
  5. ^ Solar Installation Projects

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