However in june 2018 the state decided to phase out srecs in favor of a new yet to be established successor solar program.
New jersey renewable energy standard.
And the zero emissions credit.
New jersey has one of the most ambitious renewable portfolio standards in the country by requiring 35 of the energy sold in the state come from qualifying energy sources by 2025 and 50 by 2030.
Above all the state s renewable portfolio standard and associated solar renewable energy certificate srec market have been instrumental towards growing solar throughout the state.
In 2019 new jersey released its energy master plan.
This page contains links to relevant regulatory rulings by the new jersey board of public utilities that affect the renewable portfolio standard rps and the solar renewable energy credit srec program.
The state of new jersey is known for the third most ambitious renewable portfolio standard just trailing behind california and new york.
The res has three parts.
Tier 2 obligation for older generators in financial risk.
You can take advantage of this program to save energy and lower your utility bills.
New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030.
Promoting a diverse portfolio of new clean in state generation will lessen dependence on fossil fules help grow the state s economy reduce emissions and combat climate change.
Tier 1 obligation for utilities and other lses.
The state must generate 5 1 of its energy from solar energy by 2021.
Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050.
Thousands of new jersey homeowners businesses and municipalities are incorporating clean renewable energy into their everyday lives with help from new jersey s clean energy program.
In 2019 new jersey released its energy master plan.
New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030.
By investing in renewable energy you can help protect the environment reduce our dependence on fossil fuels and lessen our carbon footprint.
Energy information administration s open data api electricity net generation.
Together the renewable energy standard res the renewable energy standard res a part of the clean energy standard.
And a third new program focused on offshore wind resources.
New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy.
Wind turbine at atlantic county utilities authority.
Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050.
In as little as 9 years the state must generate 50 of its energy from renewable sources by 2030.
New jersey established the rps to drive the market deployment of new clean energy technologies recognizing that expansion of renewable energy.
Electric grid mix in new jersey natural gas.
