Legislation to resuscitate the New Jersey SREC market failed to make it to a vote in the last legislative session on Monday, January 9. The bill (2-2371) would have modified the NJ renewable portfolio standard, increasing the amount of electricity that must be derived from solar. If passed, this bill would have increased SREC values and provided a boost to the NJ solar industry.
Although the legislative session has ended, there is hope that the bill will be introduced at the beginning of the next session. Hope also lies with Governor Christie’s Energy Master Plan, which was introduced at the end of 2011. Please follow our blog for an upcoming analysis of Governor Christie’s Energy Master Plan and the possible effects it could have on SREC markets.
Sol Systems currently offers three types of SREC agreements for New Jersey solar systems: Sol Brokerage, Sol Upfront, and Sol Annuity. Please email firstname.lastname@example.org or contact your solar installer for more specific pricing.
About Sol Systems
Sol Systems is a solar energy finance and development firm that was built on the principle that solar energy should be an economically viable energy solution. With thousands of customers and hundreds of partners throughout the United States, Sol Systems is the largest and oldest SREC aggregator. We provide homeowners, businesses, solar installers, and developers with sophisticated financing solutions that help make solar energy more affordable. Sol Systems also helps energy suppliers and utilities manage and meet their solar RPS requirements efficiently by providing them with access to diverse portfolios of SRECs. For more information, please visit http://www.solsystemscompany.com.