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Showing posts with the label NJ solar laws 2024

New Jersey Solar Laws & Regulations 2024 What Homeowners Must Know

Stay compliant with NJ’s latest solar policies, incentives, and installation rules. Understanding New Jersey’s Evolving Solar Policy Landscape  New Jersey continues to lead the Northeast in solar adoption, but staying compliant requires navigating complex regulations that changed significantly in 2024. The state’s Renewable Energy Act still guarantees net metering for residential systems under 10 MW, but new time-of-use rates now apply in PSE&G and JCP&L territories meaning solar owners should optimize battery storage to maximize savings during peak pricing windows. The SREC-II program, extended through 2028, now offers tiered incentives favoring low-income community installations, with base rates locked at $90/SREC for typical homeowners. Recent amendments to the Solar Act of 2021 also modified permitting: systems under 150% of a home’s energy needs now qualify for expedited “virtual permitting” in 42 municipalities, including Edison and Jersey City. However, coastal towns...