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2009 Renewable Energy Program Summary of Changes

2009 Renewable Energy Program Summary of Changes. Program Design. Program Consolidation Allocation of Resources Funding Cycles Capacity Blocks – linked to rebate amount – rebate amount fluctuates block to block Program to be monitored Incentive Design Solar New Rebate Levels

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2009 Renewable Energy Program Summary of Changes

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  1. 2009 Renewable Energy Program Summary of Changes

  2. Program Design • Program Consolidation • Allocation of Resources • Funding Cycles • Capacity Blocks – linked to rebate amount – rebate amount fluctuates block to block • Program to be monitored • Incentive Design • Solar New Rebate Levels • LTE 10 kW – Residential Rebate $1.75/W w/audit, $1.55/W wo/audit • 0-50 kW – Commercial Rebate $1.00/W • Greater than 50 kW – No rebate for entire project • Wind and Biomass remain unchanged

  3. Program Design • Application Process • New Application and forms for required for 2009 Program • Newly signed contract required for 2009 Program • Application returned if deemed incomplete or if funding is expended • Projects must receive an approval letter prior to start of installation • Renewable energy project incentives are capped at the size of initial application • Reservation Commitment • Expiration period shall be maintained at 12 months for residential projects

  4. Program Design Open Items • Incentive Design • No specific incentive for Fuel Cells • Methodology of calculating a residential rebate for hybrid systems consisting of capacity and production based rebates shall adhere to the production based cap • Equipment eligibility for New Jersey Manufacturer’s incentive • CHP shall be eligible for C&I CHP funding and renewable biomass incentive • Past Participation • Entity Caps shall correspond with reduced rebates for smaller systems and reduced levels of funding • Expanded Project Cap adopted to prevent gaming of 50 kW rebate cap

  5. Technical Requirements • QC to QA Transition • Implemented by end of Q2 2009 • Training required of installers • Monitoring requirements established • Ongoing evaluation of contractor and program performance • An inspection will be requested for all projects • Verification of Reported Generation • System metering required of all projects • Estimated performance eliminated for small projects • Date of REC Generation • Established to be the interconnection date • Interconnection date will need to be provided by the appropriate utility

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