| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | New Jersey |
| Incentive Type | Performance-Based Incentive |
| Web Site | https://njcleanenergy.com/renewable-energy/programs/susi-program/csi-program |
| Administrator | Board of Public Utilities |
| Start Date | 04/15/2023 |
| Eligible Renewable/Other Technologies | Solar Photovoltaics |
| Applicable Sectors | Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Agricultural, Institutional |
| Incentive Amount | Determined by applicant bids on a per-project basis. |
| Maximum Incentive | Capacity Tranches: Tranche 1 - Basic Grid Supply: 140 MW target Tranche 2 - Grid Supply on Built Environment: 80 MW target Tranche 3 - Grid Supply on contaminated sites/landfills: 40 MW target Tranche 4 - Net-metered non-residential: 40 MW target Tranche 5 - storage paired with grid supply: 160 MW target (40 MW of solar paired with 4-hour duration storage) |
| Eligible System Size | 5 MW or greater |
| Equipment Requirements | All equipment must be new |
By Board Order 12-7-22-8C on December 7, 2022, the New Jersey Board of Public Utilities established the Competitive Solar Incentive (CSI) Program as part of the Successor Solar Incentive (SuSI) Program. The SuSI Program was established to replace the SREC Registration Program in July 2021.
The SuSI program consists of two sub-programs:
Administratively Determined Incentive Program
The ADI Program provides fixed incentives for residential and non-residential net metered projects up to 5 MW. See the Administratively Determined Incentive Program DSIRE entry for more information on that program.
Competitive Solar Incentive Program
The CSI Program Provides incentives for grid supply and non-residential net metered solar projects with nameplate capacity greater than 5 MW.
The CSI Program will take applications beginning April 15, 2023.
CSI Capacity Targets
The Program targets 300 MW of total procurement annually, separated into Tranches. Grid Supply projects must exceed 5 MW-DC capacity.
Tranche 1 (140 MW) is Basic Grid Supply with no limitations on project locations.
Tranche 2 (80 MW) is reserved for Grid Supply on existing buildings.
Tranche 3 (40 MW) is reserved for Grid Supply projects on contaminated sites or landfills.
Tranche 4 (40 MW) is reserved for non-residential net metered projects with capacity exceeding 5 MW.
Tranche 5 (160 MW) is a storage target representing 4-hour duration energy storage co-located with 40 MW of solar from the Tranches above.
CSI Incentive Determination
The CSI Program uses a pay-as-bid valuation mechanism for the SREC-IIs issued by the program. Projects will include a bid for the SREC-IIs awarded to their project and will be paid that fixed amount per SREC-II.
A SREC-II Adder is available for projects which include energy storage. The SREC-II Adder is calculated as follows:
Normalized Storage Bid * [ Storage Discharge Capacity / (Facility Capacity * 4 hours) ]
SREC-IIs will be provided for 15 years of project operations.
