---
title: New Jersey SREC-II 101
description: New Jersey’s SREC-II program is part of the state’s Successor Solar Incentive (SuSI) Program, which was created to support new solar development after the original SREC program closed.
---

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# New Jersey SREC-II 101

## New Jersey’s SREC-II program is part of the state’s Successor Solar Incentive (SuSI) Program, which was created to support new solar development after the original SREC program closed.

### **What happened to New Jersey SREC-I?**

In **April 2020**, the original **New Jersey SREC-I program** closed to new systems after reaching its statutory benchmark.

- The program was required to close once solar generation reached **5.1% of total retail electricity sales** in the state
- To bridge the gap between SREC-I and a future program, New Jersey created the **Transition Incentive (TI) Program**, which issued **Transition Renewable Energy Certificates (TRECs)**

### **What is the New Jersey Successor Solar Incentive (SuSI) Program?**

In **July 2022**, New Jersey launched the **Successor Solar Incentive (SuSI) Program**, which allows eligible new solar systems to generate **SREC-IIs**.

The SuSI Program is made up of two sub-programs:

- **Administratively Determined Incentive (ADI) Program**
- **Competitive Solar Incentive (CSI) Program**

### **What is the ADI Program?**

The **ADI Program** is a **fixed-price block incentive program** designed to reduce price volatility.

#### **Eligible projects**

- Net-metered **residential** projects
- Net-metered **non-residential** projects smaller than **5 MW**
- **Community solar** projects

#### **Incentive structure**

- Participants receive a **fixed incentive value**
- Incentives are paid over a **guaranteed 15-year term**
- Incentive levels vary by **project size and project type**

On **March 13, 2023**, New Jersey updated ADI incentive values for certain market segments.

### **What is the CSI Program?**

The **CSI Program** is intended for **larger, grid-supplying solar facilities** and operates through a **competitive bid process**.

- Opened to new registrations on **April 15, 2023**
- Projects must receive a **winning bid** to sell SREC-IIs
- The program is organized into **Tranches**, each with a defined MW procurement target

**Tranche 5** includes projects that meet Tranche 1–3 characteristics **and** include **energy storage capacity**.

#### **Eligible CSI projects include:**

- Grid-supplying solar facilities
- Non-residential net-metered projects larger than **5 MW**
- Eligible grid-supply solar facilities paired with storage

#### **What is required to register a New Jersey SREC-II system?**

Before Sol Systems can register your system, customers must provide:

- A **signed interconnection agreement**
- A **signed contract**
- A **New Jersey Certification Number**

### **Who completes New Jersey registration?**

- **Residential installers** complete registration with the **New Jersey Clean Energy Program**
- Customers must provide their **NJ Certification Number** to Sol Systems for **GATS registration**

To receive SREC-II eligibility beginning on the system’s **Permission to Operate (PTO) date**, installers must submit registration **before PTO is granted**.

### **How are SREC-IIs created and tracked?**

- Sol Systems registers eligible systems with **PJM’s Generation Attribute Tracking System (GATS)**, which awards SREC-IIs
- All New Jersey systems must report generation using a **dedicated revenue-grade solar meter**
- Customers may:
  
    - Report meter readings manually, or
    - Provide remote monitoring access to Sol Systems

### **Does Sol Systems charge a registration fee?**

No. **Sol Systems does not charge a registration fee**.

### **When are SREC-II payments made?**

Sol Systems issues payments to **Sol Annuity customers** via **direct deposit on a monthly basis**, according to the applicable payment schedule.

![payment table](https://help.srecs.solsystems.com/hs-fs/hubfs/payment%20table.jpg?width=433&height=492&name=payment%20table.jpg)

 

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