Newsroom & Public Notices
NJBPU Opens Remote Net Metering Segment in Administratively Determined Incentive Program
| For Immediate Release: | Contact: Bailey Lawrence |
| Date: 12/18/2024 | 609-940-1099 |
“The updates to the RNM program approved by the Board today will help more public entities, like municipalities and school districts, seeking to lower their energy costs do so by expanding eligibility and other program specifications,” said NJBPU President Christine Guhl-Sadovy. “These updates are another step taken to support the continued growth of solar energy projects in New Jersey and deliver savings for ratepayers.”
RNM allows for the energy generated by a solar array at a specific site to be credited toward energy consumption at a different location.
On December 21, 2023, Governor Phil Murphy signed into law P.L. 2023, c. 190, which significantly modified the existing RNM program and required the Board to establish an application, an incentive, and an approval process for RNM solar facilities that serve public entities located within the same electric distribution company (“EDC”) service territory as the solar facility.
In accordance with the 2023 law, today’s Board action establishes an RNM application process – consistent with the Community Solar Energy Program – that will operate on a first-come first-served basis. The 50 MW capacity for this market segment will be allocated on a statewide basis.
As approved in the Cost Cap Certification Order in May 2024, the incentive level for RNM projects is $90/MWh. This incentive will be subject to review alongside all other ADI incentives in the three-year ADI incentive review required by the Board’s rules. RNM facilities can be located on any suitable private property within the same EDC service territory as the public entity, with some exceptions as per the RNM statute from December 2023.
To learn more about RNM, click here.
About New Jersey’s Clean Energy Program (NJCEP)
NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is www.NJCleanEnergy.com.
About the New Jersey Board of Public Utilities (NJBPU)
NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about NJBPU, visit our website at www.nj.gov/bpu.
