Garden State Solar Insurance

 A breakdown of NJ’s Solar Renewable Energy Certificate (SREC) market and rules. New Jersey's Solar Renewable Energy Certificate (SREC) program provides one of the most lucrative solar incentives in the nation, allowing homeowners to earn ongoing income from their solar panel systems. The current SREC II program guarantees fixed pricing for 15 years from system registration, with standard residential systems earning $90 per SREC and low-income community installations receiving $120 per SREC. To qualify, systems must be registered with the New Jersey Board of Public Utilities (NJBPU) within 60 days of activation and use approved monitoring equipment to verify production. The program operates on an energy output basis, where homeowners earn one SREC for every 1,000 kilowatt-hours their system generates, with most residential systems producing 6-12 SRECs annually. Importantly, the SREC II program includes a stepped reduction schedule, making systems installed before June 2025 more val...