Commercial Solar Incentives
New Jersey-TREC (Transitional Renewable Energy Credit)
New Jersey has one of the richest programs to support commercial solar in the United States. The TREC program is intended to encourage additional solar deployments in the state.
In December of 2019, the New Jersey Board of Public Utilities (NJBPU) announced the transitional solar incentive program. Under the TREC program, participants generating solar electricity enjoy the added benefit of selling renewable energy certificates at a guaranteed price to the local utility for 15 years. Other benefits potentially include free power, no property tax, lease payments for projects lending their rooftop to another end user, etc. The program championed by Governor Phil Murphy, supports New Jersey’s legally binding goal of achieving 100% clean energy by 2050.
The NJ-TREC program is ideal for businesses that own their property, have large roofs, parking lots, or garages. Property types might include office complexes, industrial, warehouse, manufacturing, shopping centers, big box retail, and many others. Every situation is unique and National Commercial Solar Advisors specializes in finding customized ways to unlock value for your business.