|
Vintage |
Sell Now Price |
Settlement Price |
Month of Generation |
Change |
|---|---|---|---|---|
|
$26.00 |
$26.00 |
June 2024 - May 2025 |
N/A |
|
|
$26.00 |
$26.00 |
June 2023 - May 2024 |
N/A |
|
|
$24.00 |
$24.00 |
June 2022 - May 2023 |
N/A |
|
|
EXPIRED |
$0.00 |
June 2021 - May 2022 |
N/A |
Spot Chart
Details
Solar facilities that have outlived their 10 or 15 year SREC eligibility automatically qualify for New Jersey Class 1 RECs.
Example: "Date online" July 2008 to June 2009 produce their last SREC in May of 2024 and produce their first Class 1 REC in June of 2024
Eligible Systems
Solar technologies, photovoltaic technologies, wind energy, fuel cells powered by renewable fuels, geothermal technologies, wave or tidal action, methane gas from landfills, or a biomass facility, provided that the biomass is cultivated and harvested in a sustainable manner.
As a result of S.B. 1925, Class I renewable energy also includes hydroelectric facilities of 3 MW or less that are located in NJ and placed in service after July 23, 2012 (the effective date of S.B. 1925).
Eligible Location
"Class 1" Designation required in "New Jersey" Column in GATS. New Jersey sited for Solar. PJM footprint for all others
Energy Year
June through May
Useful Class 1 REC Lifetime
3 years
RPS Requirements
| Year | SACP | RPS % |
|---|---|---|
| 2022 | $50.00 | 21.00% |
| 2023 | $50.00 | 22.00% |
| 2024 | $50.00 | 27.00% |
| 2025 | $50.00 | 35.00% |
| 2026 | $50.00 | 38.00% |
| 2027 | $50.00 | 41.00% |
| 2028 | $50.00 | 44.00% |
| 2029 | $50.00 | 47.00% |
| 2030 | $50.00 | 50.00% |
| 2031 | $50.00 | 50.00% |
| 2032 | $50.00 | 50.00% |
| 2033 | $50.00 | 50.00% |
How to trade or sell Class 1 RECs in New Jersey: NJ Class 1 RECs can be sold to brokers like Flett Exchange for competitive prices and instant payment. You confirm the sale through the Flett Exchange portal and transfer the credits to us through the GATS platform.