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.
MORE FREQUENTLY ASKED QUESTIONS ABOUT THE NJ TREC SOLAR PROGRAM