9th Round Results – Released August 30, 2018

The results of the ninth solicitation round are as follows:

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

  • 17 bids were received, totaling 492 kW
  • 17 bid awards were made, totaling 492 kW
  • The average accepted price was $169.83 per SREC

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

  • 21 bids were received, totaling 5,032 kW
  • 2 bids were rejected because the pricing was found not to be competitive, and 1 additional bid was rejected because it exceeded the segment capacity
  • 18 bid awards were made, totaling 3,775 kW
  • The average accepted price was $163.57 per SREC

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

  • 1 bid was received, totaling 2,800 kW
  • 1 bid award was made
  • The average accepted price is not disclosed due to too few distinct price offers

8th Round Results – Released April 25, 2018

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

  • 4 bids were received, totaling 53.41 kW.
  • 0 bid awards were made.
  • 4 bids were rejected because the pricing was found not to be competitive.

 

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

  • 9 bids were received, totaling 8,823.98 kW.
  • 9 bid awards were made, totaling 8,823.98 kW.
  • 0 bids were rejected for pricing found to be uncompetitive.
  • The average accepted price per SREC in Segment 2 was $158.03.

 

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

  • No bids were received for Segment 3 in this round.

7th Round Results – Released November 21, 2017

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

  • 36 bids were received, totaling 455.86 kW
  • 28 bid awards were made, totaling 343.00 kW
  • 8 bids were rejected because the pricing was found not to be competitive
  • The average accepted price per SREC in Segment 1 was $155.00

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

  • 12 bids were received, totaling 5,609.78 kW
  • 11 bid awards were made, totaling 5,211.60 kW
  • 1 bid was rejected because the pricing was found not to be competitive
  • The average accepted price per SREC in Segment 2 was $141.65

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

  • No bids were received in this round.

 

6th Round Results – Released July 5, 2017

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

  • 29 bids were received, totaling 535.07 kW
  • 9 bid awards were made, totaling 272.03 kW
  • 20 bids were rejected because the pricing was found not to be competitive
  • The average accepted price per SREC in Segment 1 was $154.99

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

  • 19 bids were received, totaling 10,503.93 kW
  • 9 bid awards were made, totaling 6,201.46 kW
  • 8 bids were rejected because the pricing was found not to be competitive
  • 2 bids were rejected because the developer exceeded its Segment cap
  • The average accepted price per SREC in Segment 2 was $156.66

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

  • 1 bid was received, totaling 5,200 kW
  • 1 bid award was made, totaling 5,200 kW

 


5th Round Results – Announced February 22, 2017

The results of the Fifth Solicitation are 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.

4th Round Results – Announced September 23, 2016

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

  • 12 bids were received, totaling 207.10 kW
  • 1 award was made, totaling 44.0 kW
  • 11 bids were rejected because pricing was found not to be competitive

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

  • Seven bids were received, totaling 4,913.80 kW
  • Two awards were made, totaling 3,330.0 kW
  • Five bids were rejected because pricing was found not to be competitive

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

  • No bids were received

Average SREC prices not posted per BPU Order due to few awards.


3rd Round Results – Announced April 27, 2016

Segment 1. Residential & Small Commercial (50 kW and below):
•3 bids were received, totaling 116.5 kW
•2 awards were made, totaling 78.1 kW
•One bid was rejected because pricing was found not to be competitive
•The average price per SREC in Segment 1 was $239.66.

Segment 2. Residential & Small Commercial (Greater than 50 kW to 2 MW):
•Ten bids were received, totaling 5,022.40 kW
•Ten awards were made, totaling 5,022.40 kW
•No bids were rejected
•The average price per SREC in Segment 2 was $229.82

Segment 3. Subsection t. landfills, Brownfields, or Areas of Historic Fill (Up to 5.2 MW):
•No bids were received


2nd Round Results – Announced December 17, 2015

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

  • 13 bids were received, totaling 248.91 kW
  • 11 awards were made, totaling 235.51 kW
  • Two bids were rejected because pricing was found not to be competitive
  • The average price per SREC in Segment 1 was $256.89

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

  • Seven bids were received, totaling 3,219.7 kW • Seven awards were made, totaling 3,219.7 kW
  • No bids were rejected
  • The average price per SREC in Segment 2 was $227.29

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

  • No bids were received

1st Round Results – Announced July 22, 2015

Click here to view the Board Order On Results of First Solicitation

NJ Solar PV Program – ACE, RECO & JCP&L – Results

Received Awarded
Number Amount (kW) Number Amount (kW)
All Segments/EDCs 9           1,246.6 8      1,231.76
ACE – Segment 1 3              85.5 2           70.68
ACE – Segment 2 5            374.5 5 374.48
JCP&L – Segment 1 0 0 0 0
JCP&L – Segment 2 1 786.6 1 786.6
RECO – Segment 1 0 0 0 0
RECO – Segment 2 0 0 0 0
RECO – Segment 3 0 0 0 0

*Average SREC prices not posted per BPU Order due to too few distinct price offers.