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 was replaced by TRECs, a fixed-price transition certificate. The Successor Solar Incentive program (commonly called SREC-II) now sets the incentive for new projects, with separate administratively-set values for net-metered non-residential segments and competitively-solicited values for grid-supply projects.
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.
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 generated over the certificate term, which converts roof area into a predictable revenue stream rather than an avoided cost.
Community solar changes who buys the output, not who owns the roof; host compensation is set by contract.
How NOI's structure fits
NOI takes the certificate revenue, the federal credit and the operating risk into its own structure and pays the owner a site license income.
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
- Week 0Roof, load and segment classification review.
- Weeks 2-4Structural assessment and interconnection screen.
- Months 1-3Registration and program application.
- Months 4-9Construction, commissioning, certificate generation begins.
Talk to us about this on your building
Send the address and twelve months of bills. We come back with the compliance position and the operating case together.
Other programs in this section
Annual carbon caps on NYC buildings over 25,000 sq ft, with a sharp step-down in 2030.
ComplianceBoston's emissions performance standard, with Alternative Compliance Payments and a 2030 threshold drop.
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 II tariff levels, storage adders and low-income adders — the incentive that pairs with 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.
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.