HOW DOES THE NJ TREC SOLAR INCENTIVE STRUCTURE PROVIDE A GUARANTEED 15-YEAR FINANCIAL RETURN?
The TREC incentive of $152 (15.2c per kWh) is guaranteed by the state of New Jersey for 15 years for the total output of the solar installation. Unlike previous solar incentive programs in NJ, the TREC incentive is a fixed, consistent financial engine that produces clearly defined long term project economics. As the name suggests, the TREC program is transitional and is currently slated to phase out at the end of 2020.
Brightcore President Mike Richter and Co-CEO Rob Krugel discuss this topic in the first video in our Solar Series.
HOW DOES THE NJ TREC PROGRAM ELIMINATE OWNER CONCERN FOR TENANT VACANCY RISK?
The current NJ TREC Solar incentive of $152 (15.2c per kWh) enables any building owner to offset vacancy risk, up to a completely empty building. Although the indicative economics of solar installation is extremely attractive, millions of square feet remain on the sideline because of the concern for triple net lease complexity and potential space vacancy.
Brightcore President Mike Richter and Co-CEO Rob Krugel discuss this topic in the second video in our Solar Series.
MORE FREQUENTLY ASKED QUESTIONS ABOUT THE NJ TREC SOLAR PROGRAM