New Jersey TREC and SREC-II for commercial solar.
New Jersey moved from SRECs to Transition Renewable Energy Certificates and then to the Successor Solar Incentive (SREC-II) program. For commercial rooftop, the practical question is which track your project sits in and what it pays per MWh.
The rule in one paragraph
New Jersey's legacy SREC market closed to new entrants and TRECs are now a legacy certificate. The Successor Solar Incentive (SuSI) program sets the incentive for new projects through two routes: the Administratively Determined Incentive, generally available to eligible smaller net-metered projects up to 5 MW and to community solar, and the Competitive Solar Incentive, which covers qualifying grid-supply projects and larger non-residential net-metered projects above 5 MW.
The Community Solar Energy Program runs alongside it, allowing a rooftop host to serve subscribers who cannot host their own array, including low- and moderate-income subscribers who carry program-specific requirements.
Primary source: NJ Board of Public Utilities — SuSI program.
Who it applies to
Commercial and industrial rooftops, carports and parking canopies in New Jersey, plus warehouse and logistics assets with large flat roofs and daytime load.
Segment classification (net-metered non-residential, community solar, or grid supply) determines the incentive value and application route.
What it costs / what it pays
Certificates pay per MWh actually generated, and the award itself sets the value. Neither the award nor the certificate term guarantees a level of income: receipts follow the award and the metered generation.
Community solar changes who buys the output, not who owns the roof; host compensation is set by contract.
How NOI's structure fits
Where a funding partner owns the project, the certificate revenue, the federal credit and the operating risk sit with that owner under the project agreement, and the host is paid as the agreement sets out.
For logistics portfolios with several New Jersey roofs, the certificates and interconnection queue position are the parts worth sequencing centrally rather than building by building.
Timeline
- QualificationRoof, load and segment classification review.
- Design reviewStructural assessment and interconnection screen.
- ApplicationsRegistration and program application.
- After approvalsConstruction, commissioning and eligible receipts follow utility approval, program qualification and the project agreement.
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Other programs in this section
Annual emissions limits on most NYC buildings over 25,000 sq ft, tightening in 2030.
ComplianceBoston's building emissions standard, with annual reporting and emissions limits phased in by building size.
ComplianceWashington DC's Building Energy Performance Standards, enforced on cycles with compliance pathways.
IncentiveNYSERDA's declining-block incentives for commercial and industrial solar across New York.
IncentiveSMART 3.0 capacity and compensation schedules, adders, and how they are assessed alongside BERDO.
IncentiveConnecticut's non-residential renewable energy solutions tariff plus Energy Storage Solutions incentives.
IncentiveAlternative Energy Credits, PPL and PECO rebate programs, and the Act 129 efficiency framework.
IncentiveThe clean electricity investment credit for solar and storage, elective pay and transfer, and which credits have ended.
IncentiveUtility pay-for-performance for commercial batteries that discharge during summer peak events.
IncentiveCommercial-scale solar grants per watt, with carport and storage adders, awarded in rounds.
IncentiveLong-term financing for energy upgrades, repaid through a property assessment.
IncentiveCalifornia's storage incentive: non-residential budget categories are currently closed.
IncentiveRebates for public DC fast chargers in California, in two 2026-27 windows.
This page reflects our understanding as of September 18, 2026. Regulatory numbers and program rules move. Confirm current statute specifics with your tax and legal advisors before signature.