Monthly Net Metering credit
Excess NEM credits can be carried over from month to month on a per kWh basis
Annual Credit True-up
Excess NEM credits trued-up at the wholesale rate during their anniversary month; account is then set back to zero
Available Solar incentive
NJ ADI SREC Program
Property Tax Exemption
- 100% of increased property value
Sales Tax Exemption
- 100% of system sales tax
Federal ITC
Utility bill examples:
Page 2
Page 1
MAX system size (kw dc)
No max system size
MAX offset
100%
System Size Jusification
Based on NJ State law, NJAC 14:8-4.3 Class 1 facilities intending to participate in net metering can not exceed 100% offset. Therefore, Max system size is set at an expected output of 100% of the homeowners 12 month historic electric usage. Jersey Central does not set a specific max kW system size.
buyback type
1:1 Net Metering