New Jersey Renewable Energy

New jersey s renewable portfolio standard rps is one of the most aggressive in the u s.

New jersey renewable energy.

Nj renewable energy specializing in residential and commercial solar panel installation. Roof and ground mounted systems to 5 megawatts. This requires a set portion of this renewable electricity to come. The new jersey board of public utilities on monday released a draft plan that aims to help the state achieve 100 clean energy by 2050 relying on a mix of electrification renewables energy.

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. Corporation through an extensive public stakeholder process. Whether it s for your home or your business new jersey s clean energy program makes using renewable energy technologies affordable practical and just plain smart.

Many states have an rps but new jersey is among the few that also has a solar carve out. 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 has a renewable portfolio standard rps that requires electric utility companies within the state to source 50 percent of its electricity from renewable technologies by 2030. On september 9 2020 the board of public utilities approved the final new jersey offshore wind strategic plan the state s comprehensive roadmap for achieving 7 500 mw of offshore wind energy by 2035 the plan was developed by ramboll u s.

New jersey s clean energy picture. A quick background of solar incentives in new jersey. 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. In 2019 new jersey released its energy master plan.

The rps requires each electricity supplier serving retail electricity customers in the state to procure 22 5 of the electricity it sells in new jersey from qualified renewable energy resources by 2021. New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy. Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050.