Local Law Blogs

Rebates under New Jersey's Renewable Energy Incentive Program

By Vincent J. Mangini

The Renewable Energy Incentive Program (REIP), which is part of the Board of Public Utilities' Clean Energy Program offers New Jersey utility customers, who contribute to the societal benefits charge authorized by Section 12 of the Electric Discount and Energy Competition Act (N.J.S.A. 48:3-60), access to the renewable energy certificate (REC) market and rebates for the installation of renewable energy systems, such as solar, wind, and sustainable biomass facilities at existing residential and non-residential buildings and in connection with new construction located in Smart Growth areas (i.e. Planning Areas 1 and 2 and designated centers).  For example, persons who submit complete and qualifying rebate applications for solar installations during Funding Cycle 2, which began on May 3, 2010, will receive $1.35 per watt for residential projects and $0.80 per watt for non-residential projects.

Full post as published by New Jersey Law Blog on May 17, 2010 (boomark / email).