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BPU Issued Notice Of Solar Incentive Availability For The Dual-Use Solar Energy Pilot Program
In New Jersey the Pilot Program is designed to encourage the development of dual-use solar facilities, also known as agrivoltaics, and provide incentives within the SuSI Program, which serves as the permanent program for providing solar incentives to qualified solar electric generation facilities.
The requirements for the Pilot Program are found in the Dual-Use Pilot Order. 2 These requirements are also set forth in the Notice of Proposal approved by the Board on October 23, 2024.3
Pre-Qualification Application Period Opens: January 6, 2025, Pre-Qualification Application Period Closes: February 14, 2025, at 11:59:59 P.M. Amount of incentives available: The Pilot Program offers solar incentives, in the form of NJ SREC-IIs, to eligible projects upon selection through a competitive procurement. The value of each SREC-II is established through the solicitation process, pursuant to the Dual-Use Pilot Order.
Incentives for Dual-Use Pilot Program Projects will include a “base” value and an “adder.” The base value will be that for which the project is eligible under the SuSI program structure, in which applicants will receive an incentive either through the Administratively Determined Incentive (“ADI”) Program or the Competitive Solar Incentive (“CSI”) Program. The adder amount is proposed by the applicant to account for the incremental cost of the agrivoltaics investment and operational costs related to participation in the Dual-Use Pilot Program.
Notice Solar Incentives Dual Use Pilot (01/06/2025)
QO23090679 (09/18/2023)
(In The Matter Of The Dual-Use Solar Energy Pilot Program)
