The results from the 5th Round have been announced by the NJ Board of Public Utilities.  In this round, 41 bids were received by the Solicitation Manager for a total of 3,949 kW.  A total of 26 bid awards were made for a total of 2,002 kW, as follows:

Segment 1. Residential and Small Commercial (50 kW and below):

  • 29 bids were received, totaling 552.43 kW
  • 19 bid awards were made, totaling 271.72 kW
  • 9 bids were rejected because the pricing was found not to be competitive
  • 1 bid was withdrawn after submission
  • The simple average price per SREC in Segment 1 was $165.00.

Segment 2. Residential & Small Commercial (Greater than 50 kW):

  • 12 bids were received, totaling 3,396.92 kW
  • 7 bid awards were made, totaling 1,730.48 kW
  • 5 bids were rejected because the pricing was found not to be competitive
  • The simple average accepted price was $168.24 per SREC

Segment 3. Subsection t. Landfills, Brownfields, or Areas of Historic Fill (Up to 5.2 MW):

  • No bids were received.

The Solicitation Manager congratulates those who received a notice of award.  Those bidders who were not successful in this round may resubmit their projects at a more competitive price in Round 6 or a subsequent round.

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