Submit a Question to the Solicitation Manager:

 Previously answered questions:

Question Number Received During Question Answer
1 Round 1 1. Could you explain the purpose of the $1500 Assignment fee. Is this a one time only fee? 2. What happens if the property and/or solar system are sold? The purpose of the $1,500 assignment fee is to cover administrative and legal costs incurred by the EDC each time the counterparty chooses to assign the PSA.  This fee is applied on a per assignment basis and is applicable each time the PSA is assigned to a new party, including assignments related to, or in connection with, a sale of the property and/or the project.  Please check the PSAs for further information.
2 Round 1 On the Webinar, you mentioned “Developer Caps”. Where can I learn more about what a Developer Cap is? The Developer Caps are described in Section 5.1.9 – 5.1.12 of the RFP and only apply to projects in the ACE and JCP&L service territories only. The Developer Caps set maximum percentages for amounts awarded to developer/majority owners by segment and by EDC.
3 Round 1 Does the Interconnection Application need to be accepted by the utility prior to submitting the EOI and Bid Package? No. The RFP does not require the Interconnection Application be accepted by the utility prior to submitting an EOI or Bid Package.However, because providing the project size in kW is a requirement of the EOI and Bid Package, applicants should ensure that the proposed project sizing will meet both applicable net metering limitations and EDC interconnection requirements.
4 Round 1 Due to the time required for issuance of an SRP #, would an EOI without an SRP # be acceptable? (if it were to be accompanied by proof that the SRP # process has been initiated) No,an SRP # must accompany the EOI. Please see the announcement posted to the RFP Web Site on 3/31/2015 which provides information furnished to us by the SRP Program Administrator:
Instructions for submitting SRP Registrations to Market Manager:
All SRP Registrations for the SREC Based Financing Program Solicitation must be RECEIVED by the Market Manager by Monday, April 13th by 4 pm. Due to the high volume of registrations, no exceptions will be given on this deadline.SRP Registration Packet must include:
 A clearly written cover letter noting the project is intended for participation in the SREC Based Financing Program SREC II Solicitation.Cover letter must be the first page of SRP Registration packet.If there is no cover letter, the Market Manager will assume the project is not intended for this Solicitation.Please review your SRP Registration prior to submitting to the Market Manager to ensure all required information is included in the packet.
Please note: Any SRP Registration packets that were previously submitted prior to this notice without a cover letter must submit a cover letter notifying the Market Manager if a registration was intended for this Solicitation (please include customer/system owner information in the cover letter).No documents can be accepted via email; must be mailed or hand delivered.
SRP Registration Packets should be submitted to:
 SREC Registration Program
New Jersey’s Clean Energy Program
c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey  08830
If you have any further questions, please send an inquiry titled SREC II Solicitation to the NJREINFO@njcleanenergy.com.
5 Round 1 1 – Can the system be built after the EOI and still qualify, even if it is allowed to be connected PTO prior to the awards announced?
2- Please confirm the requirement for interconnection approval prior to submitting the EOI or Bid Package.  The webinar slides (pg. 9) state that “the project will not request interconnection prior to BPU approval of bids and award of SREC-PSA”.  Does this mean that the project should not file an interconnection application with respective utility until after awarded the SREC-PSA?  Please confirm, thank you.
The system can be constructed after the EOI and still qualify.
For projects under Segments 1 & 2:
The project cannot (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation. Projects that are either interconnected or request final interconnection approval from an EDC prior to the Board’s approval of awards will be ineligible to enter into a PSA with the EDC.  See section 1.2.10 of the RFP for further detail.
For projects under Segment 3:
The project can (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation. See section 1.2.11 of the RFP for further detail.
Please note that we will revise the webinar slide to appropriately qualify the requirement noted as pertaining to Segments 1 & 2 only.
6 Round 1 From Section 5.1.9: “The Developer Cap for any one bidder (including all affiliated entities) in Segment 1 shall be limited to no more than 20% of the capacity awarded in any one solicitation Round.” Does this refer to 20% of the capacity awarded for the solicitation Round for Segment 1, or 20% of the total capacity awarded for the round for Segments 1, 2, and 3? Could you please post a chart listing the Developer Cap for the first solicitation Round for each utility and Segment? Per Section 5.1.9, the following Developer Caps (kW) for the first solicitation round apply unless the RFP is undersubscribed:
Table – Round 1 Developer Caps by Segment and EDC (kW)
Segment
JCP&L
ACE
Segment 1 – Set Aside and Aspirational
174
(this Round)
————
1,560 kW
(All Rounds)
76
(this Round)
————
690 kW
(All Rounds)
Segment 2 – Res/Commercial
7,800 kW
(All Rounds)
3,450 kW
(All Rounds)
Segment 3 – Landfill/Brownfield/Historic Fill
N/A
N/APlease note that there are no developer caps applicable to RECO.
Segment 1 caps apply to each round individually and all rounds combined. Segment 2 caps apply to all rounds combined, and may be applied once the maximums noted in the table are reached with no further awards in subsequent rounds being granted.
7 Round 1 Does an applicant need to add the transaction fee and administrative fee together? For example – is the total subtracted each time you sell SRECs $39.66 for ACE, $48.21 for JCPL and $69.11 for RECO? If so, if I need $100 per SREC then do I need to submit at $139.66, $148.21 or $169.11 to net that amount? Yes, the following summarizes the total fees:
Program Participant Fees – $/SREC
EDC
Administrative Fee ($/SREC)
Transaction Fee ($/SREC)
Total Fees
($/SREC)
ACE
$17.07
$22.59
$39.66
JCP&L
$17.00
$31.21
$48.21
RECO
$30.00
$39.11
$69.11

The total fees assessed on a per SREC basis is shown in the last column of the above table. This amount will be assessed against the proposed price. If $100 per SREC is proposed in the RFP, then the following amounts would be received by the bidder:
Example – Net Effect of Program Participant Fees – $/SREC
EDC
Proposed Price ($/SREC)
Total Fees
($/SREC)
Amount Remitted to Program Participant ($/SREC)
ACE
$100
$39.66
$60.34
JCP&L
$100
$48.21
$51.79
RECO
$100
$69.11
$30.89
8 Round 1 Pursuant to the Certification listed in page 4 of the Checklist, the Proponent certifies that it will sign the SREC PSA within 5 business days of begin given Final Notice of Award by the EDC. If the Proponent does not sign within that timeframe, the SREC II Program RFP states the following 1.2.24. If the Owner of a Successful Project does not enter into the SREC PSA within the timeframe specified in Section 4.1.7, the Owner will lose its cash deposit. The Owner may re‐submit a Proposal for the same Successful Project in a future solicitation Round at the same or at a lower price. The Owner of a Successful Project is prohibited from re‐submitting a Proposal for the same Successful Project in a future solicitation Round at a higher price, except as provided in Section 3.2.12. If the owner does not sign the PSA in the specified timeframe, are they liable for any additional costs or damages besides the application fee originally submitted? Are they still required to make a cash deposit pursuant to section 5.2.7 and 5.2.8? With respect to an original submission of a Proposal, the successful proposers must provide a cash deposit within 14 days of the Board’s written order approving a bid selection.  If the cash deposit is not made, then the project will be rejected.  If the cash deposit is made and the PSA is not executed within the prescribed time, then the cash deposit will become property of the EDC.  Beyond the cash deposit and application fees, there are no other costs or damages in the event the PSA is not executed within the prescribed time.  The prescribed time is within 5 business days of being given a Final Notice of Award by the EDC per Section 4.1.7 of the RFP rules.  In the case of a subsequent re-submittal of a Proposal, the successful re-submitting proposer, again, would be required to comply with the same requirements including application fees and providing a cash deposit within 14 days of Board’s subsequent approval as evidenced by a subsequent written Board Order.
9 Round 1 I note that there is a requirement to submit SRP registration by 4/13 at 4pm.  On of the requirements of SRP registration is an executed contract for the system.  For the project I am applying for, I do not yet have an executed contract for the purchase of the system; however I have an executed PPA dated 3/13/15.  Will this project meet the requirement for SREC registration?  Please advise. Please direct all questions with respect to the SRP registration process to the SRP Program Administrator:

SREC Registration Program
New Jersey’s Clean Energy Program
c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey  08830

If you have any further questions, please send an inquiry titled SREC II Solicitation to theNJREINFO@njcleanenergy.com.

10 Round 1 I cannot find the summary of average winning bids in prior solicitations. I thought I saw it somewhere but I cannot find it anymore. Average winning bids from prior solicitations are available on the “Prior Results” page.
11 Round 1 When will Round 2 of be announced and due for bid?  Thank you. There will be approximately 100 days between solicitations. No date has been announced yet.
12 Round 1 Can any project be included as long as it has not received a “permission to operate” yet from the utility company, even if it received an initial SREC registration application number last year? REVISED 4/14/2015
Provided that the initial SRPregistration continues to be valid at the time, the response to question #5 above (as repeated here) would still be applicable:
For projects under Segments 1 & 2:
The project cannot (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation. Projects that are either interconnected or request final interconnection approval from an EDC prior to the Board’s approval of awards will be ineligible to enter into a PSA with the EDC.  See section 1.2.10 of the RFP for further detail.
For projects under Segment 3:
The project can (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation. See section 1.2.11 of the RFP for further detail.
For additional information regarding the validity of an SRP registration, including the (i) time-frames forproject completion andextensions, and (ii) regarding non-compliance, please refer to:
http://www.njcleanenergy.com/renewable-energy/programs/srec-registration-program/how-participate
or refer questions to:
SREC Registration Program
New Jersey’s Clean Energy Program
c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey  08830
Please be advised that any project subject to thepenalty described at N.J.A.C. 14:8-2.4 (e) is not eligible for an award under the SREC-II Program.
13 Round 1 Does every project that gets accepted pay a $1500 project assignment fee? The fee is payable if the awarded PSA is assigned to another party. Otherwise, the fee is not applicable to parties who have not assigned the PSA.
Please see the response to question 1 for further info:The purpose of the $1,500 assignment fee is to cover administrative and legal costs incurred by the EDC each time the counterparty chooses to assign the PSA.  This fee is applied on a per assignment basis and is applicable each time the PSA is assigned to a new party, including assignments related to, or in connection with, a sale of the property and/or the project.  Please check the PSAs for further information.
14 Round 1 In the event that the Host and Owner are different entities with a common parent company, will they be considered the same entity with regards to this RFP? If not, will it be necessary to submit an Appendix C to the PSA signed by the Host? And, if it is not necessary to submit an Appendix C, is it necessary to submit any documentation illustrating the relationship between the entities involved? In the event that the Host and Owner are different legal entities with a common parent company, Appendix C (set forth in Appendix 5 to the RFP) would still need to be completed by the Host that owns the premises or facility where the project will reside.  Sharing the same parent company does not change the distinction between the Host and the project Owner and the need for Appendix C.
15 Round 1 What is the “Supplement Form” referenced in Section 3 of Appendix 5? I can’t find reference to it anywhere else in the RFP documents. The Supplement Form has been posted to theDocuments section of the RFP web site.
16 Round 1 I submitted the SREC RFP Registration by the 4pm 4/13 deadline specified on the SREC II Program website.  For reference, the account number for the Site Host on my Registration Form is XXXXXXX.  It is not specified in the RFP materials as to when I should expect to be notified if my project cleared the process and if I will receive a NJCEP Application Number to submit in time for the EOI due on Monday, 4/20.  Please advise how this process is expected to work.  Thank you. Please submit the EOI with the NJCEP Application number once you have received it from the SRP Program Administrator. The SRP process is separate from the RFP and managed by the SRP Program Administrator. EOIs are due on Monday, April 20 and require an NJCEP Application Number.
Please direct any further questions with respect to the SRP registration process to the SRP Program Administrator:
SREC Registration Program
New Jersey’s Clean Energy Program
c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey  08830
E-Mail: NJREINFO@njcleanenergy.com
17 Round 1 We are very interested in responding to the RFP under the SREC- Based Financing II.  However we have not submitted an application for the SRP #.  Does this mean that we are disqualified from the project? Per the instructions posted in the announcements section of the RFP web site, the SRP Administrator has indicated that it needed submittals by April 13th at 4 PM in order to process the SRP # in time for the April 20th deadline established for the EOI. To the extent you are able to receive an SRP # in the meantime, you may bid into this first round. If unable, you will still have the opportunity to bid into subsequent Rounds.
18 Round 1 I’m interested in submitting a bid for the SREC II RFP.  However, one question I have is that is this RFP just for Round 1?  If so, if I don’t respond to this RFP then will I not be allowed to submit a proposal for Round 2? This RFP is Round 1. Bidders who do not respond to this RFP will be able to bid into subsequent rounds. There will be a total of 9 rounds over a span of 3 years.
19 Round 1 Yesterday at the NJ Renewable Energy meeting I asked a question concerning construction of a system timing.  You were not able to hear my question and Scott Hunter said to look on your web site and if it is not clear, to email you.  I hope you receive this, since the web site has no “contact us” page.  Having been on the site, it is even more ambiguous.  I asked can we begin construction on a Segment 1 system, now that the bid has been submitted.  It appears in 1.2.10 of the RFP that it is permitted to be built, (after bid is submitted) but if it is interconnected before the SREC PSA is executed, than any SREC earned during that time will not be purchased by the EDC.  Am I correct in assuming that these exempt SRECs are earned and able to be sold on the open market?  You stated some time lines that you hope to meet.  These help us to determine when we can build and apply for the interconnection that is needed.  On the web site under “Calendar” the dates are different than what you stated yesterday.  On the site it states the Board meeting will be May 27, and you said June 17.  Your stated schedule is 3 weeks later than what is posted.  Looking at the “Announcement” page, there is no mention of these later dates.  I am also subscribed through the “Subscribe for updates” page, and nothing has come to me through that. In response to your question, a Segment1 project cannot (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation.  Projects that are either interconnected or request final interconnection approval from an EDCprior to the Board’s approval of awards will be ineligible to enter into a PSA with the EDC.   See section 1.2.10 of the RFP for further detail.
Projects that have submitted a bid under the SREC II RFP may choose to commence construction at the risk of not receiving an award, however, in order to remain eligible under the RFP they must not request final interconnection approval and interconnect the system until after the Board Order approving the results of the solicitation. If final interconnection approval of a system is requested after the Board Order approving the award, and it is interconnected, any SRECs generated in the time between the date of interconnection and the commencement date of the executed SREC PSA will not be purchased by the EDC. Please check the terms of the applicable SREC PSA for further detail.We have recently been informed that the May 27 Board meeting date cannot be accommodated by the parties, and therefore, the item will instead be on the June 17thBoard meeting agenda.  We have updated the schedule on the website accordingly.Per the RFP web site, you may contact us atnjsolar@navigant.com at any time.
20 Round 1 How can I learn of future RFPs? The next RFP is tentatively scheduled for late June.  Please register for updates on our mailing listhereand periodically check the RFP web site located at www.njsolarprogram.com.
21 Round 1 I have two questions:
–       Will the program open again and if so when for another round of bids?
–       Will the results of round 1 be published?
The next RFP is tentatively scheduled for late June.  Please register for updates on our mailing list here and periodically check the RFP web site located at www.njsolarprogram.comAn updated schedule of the RFP Round 1 timeline has been posted to the RFP web site.
22 Round 1 On your “Calendar” page, it states: “SM submits Round 1 recommendations to the Board   June 1, 2015”  Has this been done, and if so, when was it submitted? It has been submitted in accordance with the schedule posted.
23 Round 1 Will round one bids be submitted to the Board as posted in the calendar or July 23, or has this date changed again? Yes.
24 Round 2 I want to confirm if there is a required first priority lien placed on the solar equipment for those systems that participate in the EDC SREC II solar financing program?

I know that there is such a lien to those facilities that participate in the PSEG Solar Loan III program but just clarifying if that is the same case for this program as well.

Under the SREC II Program, there is no lien placed on the solar equipment.  See the applicable SREC Purchase and Sale Agreement (the “SREC-PSA”) for details regarding the EDC’s purchase of Transferred SRECs from projects that enter into the SREC-PSA.
25 Round 2 Is there any way for me to see what prices were bid for the First Solicitation. It says in the Board Order that average price per SREC will not be disclosed due to too few distinct price offers – but we are interested in participating in the next solicitation, and are looking for some benchmark or guidance regarding where bids should be.

Any help in this regard would be very much appreciated. Even if a comparison to cleared bid prices from the first round of EDC SREC solicitations would be helpful.

No. As noted in the July 23, 2015 Board Order, the results from the first round will not be disclosed.
26 Round 2 If the property and solar panels installed on that property are sold, does the SPA have to be assigned to the purchaser? Yes.
27 Round 2 Is there an actual application package? I cannot find it. Just submit first page of SREC registration form and send it in? No average price? How about a range for residential? Can someone who is about to start construction and already have an SRP # apply? To participate in the SREC-II Program, please review the following Documents posted to the Documents section of the RFP web site:
Round 2 RFP Bid RulesConsolidated Bid ApplicationThe SREC PSA applicable to the Segment the Proposer wishes to bid into (see Appendix ADocuments).
The results from the previous solicitation round are posted to theResults page.  As noted in the Results page, average SREC prices from the first round have not been posted per the BPU Order due to too few distinct price offers.Only new net-metered Projects that are not constructed (not have completed construction) as of the date that the bid is submitted in this RFP will be eligible for participation in the SREC II Program in Segments 1 and 2.Projects that have submitted a bid under the SREC II RFP may choose to commence construction at the risk of not receiving an award, however, in order to remain eligible under the RFP they must not request final interconnection approval and interconnect the system untilafter the Board Order approving the results of the solicitation for Segments 1 & 2.

For projects under Segments 1 & 2:The project cannot (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation.  Projects that are either interconnected or request final interconnection approval from an EDC prior to the Board’s approval of awards will be ineligible to enter into a PSA with the EDC.   See section 2.3.1 of the RFP for further detail.
For projects under Segment 3:
The project can (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation.  See section 2.3.1 of the RFP for further detail.
28 Round 2 Timing of Build and Interconnection – Is it correct that a project that winds a bid in Round 2 would not be able to receive ‘Permission To Operate’ until January 2016 once its PSA has been executed? Is it also correct that a project cannot request “Permission To Operate’ until December 2015 when winners have been announced? If these dates are not correct, when is the earliest that a project could request PTO (ie. request final interconnection approval from the EDC), and receive PTO (ie. approval to operate).? Please see Section 2.3.1 (second and third bullets) of the RFP which refers to the timing of construction completion, interconnection (i.e., receipt of permission from the EDC to operate) and requesting final interconnection approval from the EDC. Also see, Table 2-2 (RFP Round 2 Target Schedule).
29 Round 2 Post-PSA Process – After a PSA has been executed, what additional paperwork/processes are required? With respect to the RFP, no additional paperwork/processes are required after the PSA has been executed. Thereafter, all paperwork/process requirements will be as set forth in the SREC PSA.
30 Round 2 Automatic Transfers – How do we set-up automatic transfers of created SRECs from GATS to the EDC’s accounts? Please see Section 10 (Delivery of SRECs), subsections B and C of the SREC PSA.
32 Round 2 I was hoping for some clarification for the RFP. The Slide show for NJ SREC II Solar Financing Program, I see the total Round 2 solicitation targets at 10,849.32 kw. Does this mean the total quantity is only 10 SRECS? You are correct that Round 2 is targeting 10,849.32 kW. However, this does not represent the quantity of SRECs being sought. The distinction is between kW and kWh. For every 1,000 kWh of electricity produced by an eligible solar facility, one SREC is created under the PJM-EIS GATS system. Since there are 8,760 hours in a year (except leap years), the 10 year SREC PSA terms would comprise about 87,600 hours. In addition, since solar PV projects realize a capacity factor of about 15%, it would be expected that Round 2 would produce in the order of 140,000 SRECs ((10,849.32 x 87,600 x.15)/1,000 = 142,560). Note that this is a very rough approximation that assumes that the full target amount is ultimately awarded.
33 Round 2 I am not clear on the difference between the two segment 1 categories. Can you explain the difference between commercial set-aside, and commercial aspiration? The set-aside target for Segment 1 denotes a targeted amount in kW that will not be re-allocated to another segment in a future procurement round should the current procurement round fall short of the target quantity.  The aspirational target, however, may be reallocated to another segment in the event a procurement falls short of the target for Segment 1.
34 Round 2 Is there an actual application package? I cannot find it. Just submit first page of SREC registration form and send it in? To participate in the SREC-II Program, please review the following Documents posted to the Documents section of the RFP web site:
Round 2 RFP Bid RulesConsolidated Bid ApplicationThe SREC PSA applicable to the Segment the Proposer wishes to bid into (see Appendix ADocuments).
35 Round 2 [Is there] no average price? How about a range for residential? The results from the previous solicitation round are posted to theResults page.  As noted in the Results page, average SREC prices from the first round have not been posted per the BPU Order due to too few distinct price offers.
36 Round 2 Can someone who is about to start construction and already have an SRP # apply? Only new net-metered Projects that are not constructed (not have completed construction) as of the date that the bid is submitted in this RFP will be eligible for participation in the SREC II Program in Segments 1 and 2.
Projects that have submitted a bid under the SREC II RFP may choose to commence construction at the risk of not receiving an award, however, in order to remain eligible under the RFP they must not request final interconnection approval and interconnect the system untilafter the Board Order approving the results of the solicitation for Segments 1 & 2.For projects under Segments 1 & 2:The project cannot (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation.  Projects that are either interconnected or request final interconnection approval from an EDC prior to the Board’s approval of awards will be ineligible to enter into a PSA with the EDC.   See section 2.3.1 of the RFP for further detail.
For projects under Segment 3:
The project can (i) request final interconnection approval from the EDC or (ii) be interconnected prior to the Board Order approving the results of the solicitation.  See section 2.3.1 of the RFP for further detail.
37 Round 2 Two questions on the SRP registration:Is the only fee for this the application fee of $50? Does this bind you to submit a bid on 10/12 or not? An application fee of $50 would need to be submitted prior to submittal of a Bid for Segment 2 projects in ACE & JCP&L service territories  (Fees differ for other segments and service territories).  This fee is to participate in the SREC-II based financing program solicitation, and is not with respect to the SRP Registration.
The SRP (SREC Registration Program) is run by the NJ Board of Public Utilities to establish the eligibility of Solar PV projects installed in NJ.  Information on this process is available at the following site: http://www.njcleanenergy.com/renewable-energy/programs/srec-registration-program/how-participate
Only projects that have successfully registered under the SRP and have received an NJCEP Application Number are eligible to participate in the SREC-II solicitation.  As a courtesy, the SRP Administrator has provided the following instructions (posted on the RFP Web Site):
Instructions for submitting SRP Registrations:
All SRP Registrations for the SREC Based Financing Program Solicitation must be RECEIVED by the Market Manager by Monday, September 28, 2015 by 4 pm.  Due to the high volume of registrations,no exceptions will be given on this deadline.
SRP Registration Packet must include:A clearly written cover letter noting the project is intended for participation in the SREC-II Based Financing Program Solicitation.Cover letter must be the first page of SRP Registration packet.If there is no cover letter, the Market Manager will assume the project isnot intended for this Solicitation.Please review your SRP Registration prior to submitting to the Market Manager to ensure all required information is included in the packet.Please note:Any SRP Registration packets that were previously submitted prior to this notice without a cover letter must submit a cover letter notifying the Market Manager if a registration was intended for this Solicitation (please include customer/system owner information in the cover letter).No documents can be accepted via email; it must be mailed or hand delivered.SRP Registration Packets should be submitted to:SREC Registration Program
New Jersey’s Clean Energy Program
 c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey  08830Submittal of the SRP Registration packet or payment of the solicitation application fee does not obligate the bidder to submit a bid by the October 12 12PM EPT deadline.
38 Round 2 Does add-on capacity qualify under the RFP? Please see Section 2.3.1 of the RFP:

A Project, whether net-metered or grid-connected, will not be eligible to participate in the SREC II Program where the net metering customer has any existing photovoltaic (“PV”) capacity installed to deliver energy on the Customer’s side of the meter that receives electric distribution service from the EDC, or the grid-connected site contains an existing solar generator, unless the proposed grid-connected Project is completely separated from the existing generation.

Multiple Projects serving a net metered Customer on the Customer’s side of the same EDC meter are not eligible to participate in the SREC II Program. Similarly, a single Project encompassing both net-metered and grid-connected interconnections would be ineligible to participate in the SREC II Program.

Accordingly, if the project is an expansion of an existing Solar PV project and is behind the same EDC meter, it is not eligible to participate in the SREC-II program.

39 Round 2 Question – have customer that just received his SRP application approval yesterday  but we didn’t notify NJ Clean Energy he wanted to register into the SREC Finanace program…

Is there anotherr form I need to submit or note in the cover letter when I send the application over?

The cover letter was suggested in order to expedite the approval process.

Since the customer has already received the SRP application approval (which includes the SRP registration number), no other form or submittal to the SRP Administrator is needed.

40 Round 2 Would be possible to develop a solar array in two phases, with the first project phase limited to 2 MW? If this project is awarded a contract pursuant to the SREC Finance Program, could the customer then install a second array behind the same utility meter, albeit outside the SREC Finance Program. The language of the stipulation, Paragraph 7, is a bit ambiguous but it doesn’t seem to restrict this arrangement, with the proviso that any subsequent project phase would not qualify for the SREC Finance Program. This paragraph provides:

JCP&L will also preclude any future construction or expansion of PV capacity under this program for PV systems receiving payments under SREC PSAs from either the SREC I or SREC II Programs.

An expansion would be allowed, so long as:  (1) the expansion was not part of the SREC II program; (2) the system was metered so as to segregate the output from the portion of the system that is in the program from the output that is no in the program; and (3) the utility could verify that the SREC reporting to GATs was accurate.
41 Round 2 I had a few questions regarding the RFP program in NJ.

Could you explain how to read and locate a  “Customer Utility Tariff Rate Schedule” from a customer’s utility bill.
Could you confirm that the below screenshot is from the correct Appendix C referred to on page 12 of the consolidated bid application?

For the first question, please visit the EDCs’ websites for this information.

For the second question, the screenshot shows the correct section of the SREC PSA.  However, we are unsure which version is displayed.  Please review the SREC PSAs in theDocuments section of theRFP Web Site.  Please ensure you use the correct version based on the Segment and EDC.

42 Round 2 If I retire my existing system and replace it with a new system consisting of new panels, inverters, and a new meter would that be eligible for the SREC II program? Yes.  There may be no existing system capacity at the time of bid submission.  An existing system would need to be decommissioned and deregistered with the SRP and EDC.  The new project would then need to be certified by the SRP Administrator.
43 Round 3 Has a date been selected for the beginning of the Third Solicitation Round of the NJ SREC-II Based Financing Program? The Third Solicitation round has been released on December 17, 2015
44 Round 3 If a bid is selected as a winner by the Board Order, does the project have to sign a PSA? Are there any fees associated with it if it opts out at that time? No, unless the cash deposit is paid to secure the award.  Bidders are notified of their award shortly after the Board Order.  Within 14 days of the Board’s issuance of a written order approving a bid selection, the winning bidder must provide a cash deposit equal to $75 per Project kW, but not less than $500 and not more than $20,000 to remain eligible. The deposit will be returned to the bidder, without interest, at the Commencement Date (as defined in the SREC PSA).  Otherwise, it will be forfeited in the event the bidder does not execute the PSA or does not complete the project.
Also note the limitations stated in Section 4.1.5 in the RFP:  If the Owner of a Successful Project in a previous solicitation Round did not enter into the SREC PSA, a Pricing Proposal for the same Successful Project may be re-submitted as part of a Consolidated Bid Application in a subsequent solicitation Round at the same or at a lower price. A Pricing Proposal may not be re-submitted at a higher price for the same Successful Project unless: (a) the Owner of the Project provided the cash deposit for the Successful Project in the previous solicitation Round within the timeframe required, and (b) the period between the submission of Pricing Proposals is no less than 6 months. For purposes of this Section, a Project is the “same” Project as a previously Successful Project if the Projects are in the same location and have (i) the same EDC account number at the location where the Project will interconnect (for Segments 1 and 2) and (ii) the same NJCEP Application Number (for Segment 3).
45 Round 3 We are looking at projects to submit under the SREC-Based financing program and have a question. We have approximately 50 projects in the 3 kW to 8 kW range that are located in Vineland NJ. However, the projects are serviced by Vineland Electric, not Atlantic City Electric, can they still be submitted for consideration. Regarding your question below, only projects located within the ACE, JCP&L, or RECO service territory are eligible to participate in the SREC-Based financing program.  Projects located in Vineland Municipal Electric are not eligible to participate.
46 Round 3 I am looking at the table that shows the available solar capacity for the third solicitation.  Can you please describe the “aspirational” capacity piece listed in the table? The Segment 1 Aspirational capacity is a target set for small net-metered residential and small commercial Projects less than or equal to 50 kW (segment 1).  In the event that Segment 1 is under-subscribed, these targeted amounts may be reallocated to Segment 2 in a future round in order to meet the overall program goal.  In contrast, the Segment 1 Set-Aside amounts may not be reallocated to Segment 2 and must be carried forward in Segment 1.
47 Round 3 Wanted to find out how to get to the interested bidders list for this RFP.  I am on the website under shared documents but do not see a interested bidders sheet, or email sheet.

Please point me in the right direction as to where on the site I might find it.

This information is not available on our site.  We suggest reaching out to potential developers in the NJ-region to advise them of this program and your interest in participating in it.
48 Round 3 Are you taking bids for racking only? No.
49 Round 3 Can you supply us with a bidders list? The information you seek is not available publicly.  We suggest you contact potential developers in the NJ-region to advise them of this program and your interest in participating in it.
50 Round 3 Can we be notified of the bid winner? when a job is awarded The information you seek below is not available publicly.  Please see the Board Order issued on our site for the last Solicitation Round. We suggest you contact potential developers in the NJ-region to advise them of this program and your interest in participating in it.
51 Round 3 Do you broad cast the reading of the bids? No.
52 Round 3 Whats the time/date of bid reading? Bid reading is conducted privately after receipt of the bids.  Please review the RFP Bid Rules for further information.
53 Round 3 Do you have any jobs you need racking for? No.  We manage only the solicitation process, not the development of the projects.
54 Round 3 If a project is awarded under the program, is there a problem if the installed capacity has to be decreased from the awarded capacity, due to utility interconnection or otherwise? Please refer to Section 6.2.12 of the RFP rules:

6.2.12. The Owner may request that the EDC approve a modification in the size (kW) of the actual constructed Project of up to 10%. However, the Project size may decrease greater than 10% due to circumstances including, but not limited to, structural or electrical deficiencies leading to a reduction of planned PV panels, adherence to net metering sizing requirements, or space limitations, but in no instance will the Project be permitted to be in excess of 10% larger than bid. The EDC will approve such a modification provided that the Project continues to satisfy all other requirements related to this Program and that this modification: (a) does not change the Segment to which the Project belongs; (b) does not cause the Developer Cap to be exceeded; and (c) does not cause the Project to exceed 50 kW for Segment 1 or 2 MW for Segment 2.

The project size may be decreased due to interconnection limitations.

55 Round 3 I have a question regarding the SREC-II Program. I see that the program is soliciting only SRECs, not the actual electricity produced by any solar arrays.

Therefore, does an array have to be within the territory of ACE, JCP&L, or RECO? Or may the solar be produced anywhere within New Jersey, because only the SRECs are being purchased?

You may only bid in projects within the service territory of ACE, JCP&L or RECO under this program.
56 Round 3 What is the total for Atlantic City Electric, is it 23 megawatts. How many megawatts are allotted for each segment (segments 1 thru 3). If the program hits 23 megawatts is it over? Please refer to Table 2-1 on Page 3 of the RFP Bid Rules for the current rounds’ solicitation targets.  The target capacity for ACE is 23 MW across the 9 solicitation rounds.  Per the bid evaluation process, for each Solicitation Round, no more than the target capacity will be selected.  Therefore, the program will not conclude prior to the last (the 9th) Solicitation Round.
57 Round 3 How many megawatts per each solicitation for ACE? Is there a Cap? The average capacity per round is 2.5 MW.  This includes, for each round unless undersubscribed in the previous round, 2.3 MW spread among Segments 1 & 2, and a one-time solicited capacity of 2.3 MW in the third round (current) for Segment 3.  No more than the target capacity will be selected (23 MW).
58 Round 3 Is there a total of 9 solicitations for ACE? Yes
59 Round 3 What are the approximate bid dates for solicitations for segments 4 thru 9. Each Solicitation round lasts approximately 100 days.  To meet the three solicitation rounds per year target, rounds typically start shortly after the previous round is concluded.  No precise dates are available.
60 Round 3 We are making a bid application for the Round 3 Financing Program with ACE.
The SREC owner entity is leasing/renting space from the property owner.
We have to submit an Appendix C with our Bid Application.
Would you please email me an Appendix C form so we can submit it with our application.
Appendix C to the SREC PSA is located in the 2nd to last page of the SREC PSA (which is Appendix A of the RFP).

The PSAs are located in theDocumentssection of the RFP Web Site.  Please click on the applicable SREC PSA by EDC and Segment:Appendix A – ACE SREC PSA – Segment 1Appendix A – ACE SREC PSA – Segment 2Appendix A – ACE SREC PSA – Segment 3

61 Round 3 When does the PSA get executed? The  PSA is executed approximately 45 days after the notification of the  award, which occurs shortly after the Board of Public Utilities meets  and issues its order.
62 Round 3 On Page 12 of the Bid Application, one is instructed to  submit an electronic copy of Appendix C.  Is the e-copy to be submitted  with the Bid Application? Yes, please attached to your bid application an electronic copy of Appendix C to the SREC PSA, as applicable.
63 Round 3 We Submitted an SREC Program application back on [DATE].  We have not heard/received a number from the program yet.
We are getting anxious.  Should we have heard from them or what?
Regarding the  SREC registration program (“SRP”), obtaining an SRP Registration Number  is a requirement to submit an application and it is administered  separately from the RFP.  Please follow up with the SRP program administrator directly to inquire regarding the status of your  application. Their contact information is available on the  following page: https://njsolarprogram.navigant.com/SitePages/SRP-Registration.aspx
64 Round 3 As you know the Appendix C to the SREC PSA states:
…the Solar Renewable Energy Certificate Purchase and Sale Agreement  dated __________ __, 20__ with Atlantic City Electric Company (the  “Agreement”), intends to develop the Seller’s Project…
Since we don’t have a Sale Agreement date prior to the Bid Application what do we use as a placeholder for that language?
In the date section of Appendix C to the SREC PSA, please write or type “TBD, if awarded.”
65 Round 3 Just to be clear the blank space in the first line of  Appendix C is the name of the seller, Correct?  Not the  Installer/Developer. The  first blank space in Appendix C to the SREC PSA is intended for the  name of the Seller of the SRECs.  The Seller is the party which owns the  PV Facility and the SRECs, and will accordingly sign the PSA if  awarded.
66 Round 4 Two questions please:  1. If a winning bidder ends up signing several PSAs for several projects, can payments of the relevant ongoing fees be paid in aggregate for all its projects (ie 1 payment made covering all projects together), or do payments need to be submitted separately for each individual project?  2. We are trying to get customer signatures on the Consolidated Bid Application in advance of this next solicitation. The updated Consolidated Bid Application doesn’t seem to be uploaded to this website yet though. Are we able to get customer signatures based on the old Application or do we need to wait to get them until the new Application is uploaded?  Thank you, 1.  There are two types of fees:  First, the application fee must be paid in advance of submittal of the application.  Payments there must be made seperately for each project.  You will receive an individual confirmation from the system for each that must be included in each Consolidated Bid Application.
2.  The Consolidated Bid Application is available in the Documents section of the RFP web site. Follow this link for the latest form.  Please do not use any previous version of this form.
67 Round 4 On 5/16, an notification was distributed on the Developer Caps for ACE and JCP&L.  The Planned Capacity and the Developer Cap amounts are different than what is listed in the RFP guidebook pg. 4 and pg. 19.  Which Planned Capacity and Developer Cap amounts are correct?  Are the Developer Caps limited to each segment versus total Planned Capacity? Yes, we indicated in the notification that the RFP will be revised in accordance with the guidance provided in that e-mail.  The following Developer Caps are correct, and are set by EDC/Segment based on total Planned Capacity:EDCSegmentPlannedDeveloper CapJCP&L17,8001,560 kWJCP&L239,0007,800 kWACE14,450890 kWACE217,2503,450 kW
68 Round 4 Pg. 19 of the Guidebook Section 6.1.10 states that the Developer Cap could be modified by the Board.  If there is a project in Round 4 that exceeds the current Developer Cap in ACE territory Segment 2, is it possible that the project could be accepted? No.  First, please see our response to question 67 to ensure that this is the case for your project.  The Board has not authorized a modification to the Developer Cap for this round.  Any subsequent modification will have to be for future solicitation rounds, at which point our evaluation of the bids received for that round will consider guidance provided by the Board.
69 Round 4 Whether it is possible, if a single developer is awarded multiple projects, to group awarded projects into a single PSA for each EDC. No, per the original stipulation issued by the BPU and draft PSAs, the program is not structured to allow multiple projects into a single PSA.
70 Round 4 Whether an assignment is triggered if ownership is transferred pursuant to a “Tax Flip” equity structure, which may trigger the $1,500 assignment fee under the SREC PSA. Yes.  An assignment is triggered if the Seller under the Agreement (as bid) must change and the Agreement must therefore be assigned to a third party.
71 Round 4 Does the developer Cap apply to ACE? Yes.  It applies both JCP&L and ACE.  For both Segment 1 & 2, there is a 20% capacity cap based on the target for all rounds, as follows:EDCSegmentPlanned (kW DC)Developer Cap (kW DC)JCP&L17,8001,560JCP&L239,0007,800ACE14,450890ACE217,2503,450

For Segment 1, there is a 20% developer cap for Capacity awarded in that Round unless the Segment is undersubscribed.

72 Round 4 If a developer has a project that is greater than the developer cap, can the developer bid only that amount (up to the developer cap)? No.  If the project is under a single SRP application number, the entire project must be submitted.  Projects of this size, however, may be bifurcated into smaller projects provided they are on separate meters and receive individual SRP approvals.
73 Round 4 Once the bid application is completed, is there anything for the Developer (submitter) to do afterwards (as part of the Bid process)? It depends.  If you have submitted a complete Consolidated Bid Application, then there is nothing further to do on your part.  However, if a deficiency is noted by the Solicitation Manager, then you may be given an opportunity to amend the application to address it (depending on the omission or error, i.e. we cannot give an opportunity to address errors in pricing or lack thereof).  The cure deficiency period runs from July 8, 2016 through July 13, 2016.  The primary contact on the Bid Application should remain available during this time period to address such inquiries.  To the extent that the Bid Application is submitted well prior to the bid due date, we may be able to expedite review and certify that the application is complete.
74 Round 5 Can you provide a description of the bid deposit fee, including what this fee covers and when the deposit is reimbursed?

The Deposit is required for the successful bidder to secure an award and to ensure the bidders’ performance after that bidder receives notice of an award.  Per the RFP Bid Rules and the Board Stipulation, this fee is to be paid within 14 days after Board approval of the awards.  If your bid is selected and awarded by the Board, you will receive notice of the Award via e-mail.  That notice will include further instructions on how to submit this Deposit payment.

The deposit is returned once the project reaches its Commencement Date as defined in the SREC PSA, which is, generally the date in which the Solar Project is completed and able to operate & deliver SRECs under the SREC PSA.  The deposit is forfeited if:

1) The successful bidder fails to execute the SREC PSA, or

2) The successful bidder executes the SREC PSA but does not complete the Solar Project.

75 Round 5 Please help us to understand what would re-trigger the 2 MW caps for Segment 2?

In the event that the cumulative bids received in any round going forward exceed the targeted amount set for Segment 2, then the 2MW caps will be re-instated in the subsequent round.

76 Round 5 At what frequency are Rounds held – every year, 2x per year or on another schedule?
The target frequency is 3 Rounds per year.

77 Round 5 I listened to your Round 5 Webinar early this week and this was very helpful. Can you tell me when a Round 6 would be scheduled for? We are trying to determine if our projects are ready to submit for this round or to wait for a subsequent round?
The next round will open either in late January or February depending on the BPU meeting schedule for 2017 which has not been released yet. Each round is open for about 6 weeks at a time. Final decisions take another 6 weeks from the close of a Round depending on the Board Meeting date (Expected to take place in the March/April timeframe).If your projects are ready, we recommend that you bid into the current round.