N.J. Admin. Code § 14:8-10.5

Current through Register Vol. 56, No. 21, November 4, 2024

Section 14:8-10.5 - TREC value

(a) The base compensation value of a TREC shall be $ 152.00 per mega-watt hour (MWh) for eligible electricity generated during each year of a project's 15-year TREC qualification life.

(b) Each project registered in the SREC or TREC registration program shall be assigned a TREC factor by staff based on the following defined market segments.

1. The factors for the defined market segments are as follows:

Defined Market Segments	Factor
Subsection (t) landfill, brownfield, areas of historic fill.	1.0
Subsection (r) rooftop	1.0
Net-metered non-residential rooftop and canopy	1.0
Community solar	0.85
Subsection (r) ground mount	0.6
Net-metered residential ground mount	0.6
Net-metered residential rooftop and canopy	0.6
Net-metered non-residential ground mount	0.6

2. A TI-Eligible Project that, in its entirety, is eligible for multiple factors shall be assigned the lower project classification factor.

3. A TI-Eligible Project with multiple segments eligible for multiple factors must separately meter each segment as separate projects to enable application of the appropriate factor to the electricity generated by each segment.

(c) The actual value of a TREC will be calculated based upon the factor assigned to each TI-Eligible Project, by multiplying the base compensation value by the appropriate project factor.

N.J. Admin. Code § 14:8-10.5

Adopted by 52 N.J.R. 1850(a), effective 10/5/2020