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NJ Successor Solar Incentive (SuSI)
A FINANCIAL ENGINE FOR CLEAN ENERGY PROJECTS
The NJ SuSI was launched by the Board of Public Utilities on August 28, 2021. The solar incentive program has an annual goal of adding 750MW of new solar capacity including targets of 300MW of net metered solar, 150MW of community solar, and 300MW of grid supply. The SuSI program includes both the Administratively Determined Incentive(ADI) and the Competitive Solar Incentive (CSI) programs.
ADMINISTRATIVELY DETERMINED INCENTIVE (ADI)
The ADI is for Net Metered and community solar projects for commercial/industrial sites of 5MW or less. The value of the incentive is based on size and application, with a preference for existing infrastructure such as rooftops.
COMPETITIVE SOLAR INCENTIVE
The CSI is a new program designed for grid supply projects and commercial/industrial net metered projects larger than 5MW. Incentive values will be determined though a competitive solicitation process that awards capacity to the projects with the lowest cost bids. The first solicitation is targeted for early-to-mid 2022, following stakeholder engagement in late 2021.
CASE STUDY: APEX FINANCIAL ADVISORS, INC./VIRTUA HEALTH
A 2MW solar carport project at Virtua Health in Marlton, NJ continues to take shape! Apex Financial Advisors, Inc. owns the building and selected Brightcore as the turn-key solar developer for this project.
Brightcore is utilizing an innovative dual tilt design that provides excellent water management, improved aesthetics and strong solar production.
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