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New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11

New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11 Charlie Garrison. Solar Installed Capacity. The preliminary installed solar capacity as of 4/30/11 is 330.4 MW which includes approximately 29.7 MW of new capacity added in April 2011.

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New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11

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  1. New Jersey’s Clean Energy Program: 2011 Renewable Energy Program Update REC Meeting 5/10/11 Charlie Garrison

  2. Solar Installed Capacity • The preliminary installed solar capacity as of 4/30/11 is 330.4 MW which includes approximately 29.7 MW of new capacity added in April 2011.

  3. Solar Installed Capacity Preliminary Report NJ Solar Installations by Year As of 04/30/11

  4. Solar Installed Capacity Preliminary Report NJ Solar Installations for Recent Months

  5. Proposed Modifications to 2011 NJCEP Budgets • Proposed changes were circulated for comment on 5/3/11 • Comments are due by 5 pm on May 10, 2011 • Comments should be submitted to: publiccomment@njcleanenergy.com

  6. Proposed Modifications to 2011 NJCEP Budgets

  7. Proposed Modifications to 2011 RE Budgets • The 2nd Revised Honeywell Renewable Energy budget for 2011 is $64.68 Million • $60.98 million for incentive funds including committed carryover funds and $9.3 million for new incentive funds • $3.7 million for administrative fees to the Market Manager

  8. Proposed Modifications to 2011 RE Budgets 2011 REIP Incentive BudgetSummary New Funding

  9. Proposed Modifications to Extension Process • The Market Manager and OCE are proposing tighter restrictions on granting project commitment extensions. • Abundant supply of equipment • Lower installed cost • Many more active installers • Higher SREC prices

  10. Proposed Modifications to Extension Process • Extensions only provided for well documented cases • Documentation such as permits, purchase orders, photos, etc. that support the stated reason for project delay and show proof of project progress • Equipment must be on-site • Only 1 extension per project • Extension period: • 3 months for private • 6 months for public • NO extensions beyond 6/30/12

  11. Draft Timeline for Honeywell 2012 Filing • RE committee introduction: May 10 • Program suggestions to HW: June 23* • High-level budget confirmed: Late June • Plan overview to RE committee: July 12 • Final Overview to RE Committee: August 9 • Complete draft plan to OCE staff: August 13 • Final plan presented to CEC: September 9 • Complete final plan filed w/BPU: September 24 • *Notice with submittal instructions for comments will be provided.

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