Solar

Solar REC Tracking System for New Jersey

[RenewableEnergyAccess.com] Clean Power Markets, Inc. (CPM) announced that New Jersey has successfully established the nation’s first tracking and trading system for solar renewable energy certificates (SRECs). CPM who was awarded a contract to develop and administer the first tracking program for “behind-the-meter” distributed generation systems, has issued over 1350 SRECs under the program since it began operation in July 2004. The New Jersey SREC Program tracks solar electricity production and issues SRECs each month to the solar system owners. New Jersey’s Solar Renewable Energy Certificate Program and trading system facilitates trading between SREC buyers and sellers. All owners of solar electric systems in New Jersey including residential and commercial owners, who are interconnected to New Jersey’s electric distribution system, are eligible to participate in the program. See the following link for more information.