FAQs

Answers to your Frequently Asked Questions ("FAQs") are posted on this page. To ask a question, please use our automated form. FAQs will be posted every Wednesday. FAQs will be posted daily during the week prior to the deadline for submitting Pricing Proposals and Qualification Materials.”

All FAQs

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FAQ-281:
I have received an award for my Project in a prior round. However, I did not provide a deposit or proceed to execute the contract for this Successful Project. I understand that I may re-submit my Project in this round at the same or lower price. Section 3.2.12 of the RFP Rules require us to ask the Solicitation Manager in advance of the deadline for submitting EOIs to specify the documents we will be required to submit to have the project reconsidered. Since there will be material changes to the system size and equipment used, we plan to amend all documents, including Appendix 4 and Appendix 5, to ensure that all information submitted is accurate as of the Round 8 bid date. Please verify that this is acceptable.

This is acceptable. We would appreciate, but do not require, a cover letter from you stating that you are re-submitting your Project and summarizing the information that has changed (regarding the Project, the Owner, the Host, the Customer, and/or the Developer).

We note that for a Successful Project under the Program, namely a Project that received an award, the restrictions of Paragraph 3.2.12 do apply. In particular, a Project that received an award in the last solicitation may be re-submitted in the current solicitation at the same or at a lower price.

08/27/2011 in Requirements for Proposals
FAQ-280:
We would like to submit a project with more than one SREC generator for the SREC-Based Financing Program. How should we submit an SREC Registration Program (“SRP”) application?

It is unclear to us what you mean by an “SREC generator”. We can provide the following general information.

A given Project considered under the SREC-Based Financing Program (“Program”) is tied to a given EDC meter and to a given SREC Registration Program ("SRP") number. We are the Solicitation Managers for the SREC-Based Financing Program but the SRP is administered by the New Jersey Clean Energy Program (“NJCEP”). For further information about the SRP we refer you to their managers whose contact information is the following: 1-866-NJSMART or through a web form on this page.

08/27/2011 in General
FAQ-279:
Can I qualify for the SREC-Based Financing Program if I do not have an REIP OR SRP number from the New Jersey Clean Energy Program?

If you have already applied for an SRP number and have not received it yet, you may submit your Expression of Interest, due on August 29, 2011. You will receive a deficiency notice and you will have until 5 PM on September 1, the Cure Deficiency deadline, to provide your SRP number.

However, to qualify for an award under the SREC-Based Financing Program (the “Program” for which we are the Solicitation Manager), a Project must have successfully completed the Initial Application process under the Renewable Energy Incentive Program (“REIP”) or the SREC Registration Program (“SRP”) administered by the New Jersey Clean Energy Program (“NJCEP”). We do not administer the SRP and but can refer you to the managers of that Program for further information: 1-866-NJSMART or through a web form on this page.

08/27/2011 in Requirements for Proposals
FAQ-278:
My project has not been installed, but I have preliminary approval for Level 1 interconnection from my EDC. Am I still qualified for the coming round of solicitation?

There are two steps to interconnection. The first step is the filing of an initial application that provides to the EDC the details of the system to be installed. A Proponent can complete the first step at any time without affecting the eligibility of the Project under the SREC-Based Financing Program (“Program”). The second step occurs after the system is installed. At that point, an application for authorization to operate and permission to interconnect is filed. A Proponent may initiate this second step only after the Board Order on the results of the solicitation.

The Board Order is issued typically within a few days of the Board renders a decision on the results of the RFP. The calendar on the RFP Web site provides the date at which Board is expected to render its decision.

08/27/2011 in General
FAQ-277:
Are you required to purchase an SREC meter from the EDC if you participate in the SREC-Based Financing Program?

Yes. The Owner of the Project must purchase an SREC meter as provided for in Section 6.A of the SREC Purchase and Sale Agreement. The SREC Meter will measure the output of the Project, in accordance with the EDC’s standards and any applicable regulatory standards. Such a meter must be located in an enclosure adjacent to the existing EDC meter. For more information regarding SREC meters, please consult the documents under the heading "Information on SREC Meter Rules and Regulations" on the
Documents
page of our Web site.

08/27/2011 in General
FAQ-276:
Why are Projects that are interconnected at transmission voltages or that do not agree to the net metering arrangements under the SREC PSA not eligible under the SREC-Based Financing Program?

These are the rules of the Program that were approved by the Board. We cannot speak to the reasons for the Board’s decision, which is memorialized in the Board Orders under the heading “Documents from the NJ CEP Utility Financing Program page” on the
Documents
page of our Web site.

08/27/2011 in General
FAQ-275:
I understand that the maximum size of a single project that could be bid into the September 2011 solicitation in ACE’s territory is 1,978.674 kW. What is the maximum size of two projects by the same developer that could be bid into the September 2011 solicitation in ACE territory? Please respond with sizes for each of the two projects.

The Solicitation Manager will apply the Developer Cap to the combined awards across all solicitations in the 2012 RPS Reporting Year for a given EDC (ACE or JCP&L) associated with any one Developer, or any combination of affiliated Developers under the same majority ownership for that EDC. Please note first that there is no separate maximum size for the Eighth Solicitation only. Any limit is on the size of all awards associated with any one Developer or any combination of affiliated Developers under the same majority ownership for an EDC in the 2012 RPS Reporting Year (and thus for the Seventh and Eighth Solicitations combined – and possibly for a Ninth Solicitation as well if such a solicitation is held).

Second, please note that the Developer Cap calculation depends on the “last accepted Proposal associated with that Developer”, which is the Proposal with the higher bid price that is still selected for an award. Specifically, the quantity awarded to any one Developer, or any combination of affiliated Developers under the same majority ownership for JCP&L or ACE in the 2012 RPS Reporting Year, cannot exceed 20% of the planned quantity for that EDC in the 2012 RPS Reporting Year by more than the larger of: (a) 150 kW; or (b) if the Program is undersubscribed in the prior Reporting Year, 30% of the system size of the last accepted Proposal associated with that Developer (or any combination of affiliated Developers under the same majority ownership). For ACE, 20% of the planned quantity is 1385.072 kW.

Third, as your question asks for an assessment of the Developer Cap with two Projects, but the manner in which the Developer Cap is applied depends on which of the two Projects has the higher bid price, a general answer CANNOT be provided. Instead, we provide the following explanations for the case of a Developer submitting two Projects in the ACE territory and these explanations are valid for that case only. Further, we provide examples that are for illustrative purposes only.

1) If a Developer submits two Projects in the ACE territory and the higher priced of two Projects is 500 kW or less, the Developer Cap across both Projects is 1535.072 kW.

Example 1. A Developer submits a 305 kW Project at $299/SREC and a 1,200 kW Project at $250/SREC. The “last accepted Project” or higher priced Project is the 305 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 305 kW (91.5 kW); is 150 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 150 kW. The Developer is within the Developer Cap if both Projects are accepted in this example because the combined size of the two Projects (1,505 kW) is less than the Developer Cap of 1,535.072 kW (=1,385.072 kW + 150 kW).

2) If a Developer submits two Projects in the ACE territory and the higher priced Project is above 500 kW, the Developer Cap across both Projects is 1,385.072 kW plus 30% of the size of the higher priced Project, up to a maximum of 1,978.674 kW.

Example 2. A Developer submits a 305 kW Project at $250/SREC and a 1,200 kW Project at $299/SREC. The “last accepted Project” or higher priced Project is the 1,200 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 1,200 kW (360 kW); is 360 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 360 kW. The Developer is within the Developer Cap if both Projects are accepted in this example because the combined size of the two Projects (1,505 kW) is below 1,745.072 kW (= 1,385.072 kW + 360 kW).

Example 3. A Developer submits a 1,200 kW Project at $299/SREC. The Developer wants to submit a second Project in ACE territory that will be bid at a price of $250/SREC. How large can the second Project be while staying within the Developer Cap? The “last accepted Project” or higher priced Project is the 1,200 kW Project at $299/SREC. The larger of: i) 150 kW; and ii) 30% of 1,200 kW (360 kW); is 360 kW. Thus, the Developer can exceed 20% of the planned quantity (1,385.072) by up to 360 kW. The Developer is within the Developer Cap if the combined size of the two Projects is at or below 1,385.072 kW + 360 kW = 1,745.072 kW. Thus, if the first Project is 1,200 kW, the second Project can be 545.072 kW or smaller.

Each Proponent and Developer is ultimately responsible to make its own assessment of how the Developer Cap may or may not apply to the Projects for which they submit Proposals under the Program. Please note that the examples above are for the case where two Projects are submitted to the Program in the ACE territory and is not a general answer that applies in all circumstances. Without limitation, we note that the examples above consider Projects in the ACE territory only and do not consider the possibility that the Proponent is submitting more than two Proposals under the Program in the ACE territory, or the possibility that a Developer would have already Projects accepted under the Program in RPS Reporting Year 2012 in the ACE territory.

08/27/2011 in General
FAQ-274:
Does the SREC-Based Financing Program have requirements for the type of panel I use to build my solar system?

No. The Program requires that you provide a description of the equipment. However, a Project cannot fail to qualify for the Program on the basis of the type of panel used to build the solar system.

08/27/2011 in General
FAQ-273:
I received an Open EOI email notice from the Solicitation Manager. Does this mean I am qualified to submit a bid for my previously rejected project in the upcoming solicitation? If my project is rejected again, can it continue to qualify to bid going forward, even after it’s commissioned?

If you have previously submitted a Proposal for a Project in the SREC-Based Financing Program (“Program”) and the Project did not receive an award, you may submit a Proposal for this same Project in a future solicitation as long as the Project still meets all eligibility requirements under the Program. In particular, existing projects that are interconnected are not eligible. A Project is only eligible under the Program if it is not yet interconnected and if the Owner of the Project does not request interconnection prior to the Board Order on the results of the solicitation. For additional eligibility requirements, please consult the RFP Rules, available on the Documents page of our Web site.

You have received the notice that you mention in your question because the Solicitation Manager commits to providing a notice to any Proponent who submitted a complete EOI for a Project and the Project did not receive an award. The objective of this notice is to inform the Proponent that the Proponent is not required to resubmit an EOI should the Proponent wish to submit a Proposal for that Project in the current solicitation and should the Project continue to meet the eligibility requirements under the Program.

Please note that if you received a complete notice for your Qualification Materials in a previous solicitation and your Project still meets all the eligibility requirements of the Program, you may not be required to resubmit all qualification materials should you choose to submit a Proposal for the current solicitation. If your circumstances have not changed since the previous solicitation, that is, the information (about the Project, the NJCEP Application Number, the Owner, the Host, the Customer, and the Developer) is the same as previously submitted, then you are only required to re-submit three (3) originals of the Certifications and Checklist for Qualifications (provided as Appendix 5 to the RFP Rules and available electronically on our Web site) with original signatures by overnight delivery service to: Solicitation Manager, One Gateway Center, Suite 720, Newark, NJ 07102 (Phone: (973) 297-0880 and Fax: (973) 297-0246). We would appreciate, but do not require, a cover letter from you stating that you are re-submitting your Project and confirming that all information regarding the Project, the NJCEP Application Number, the Owner, the Host, the Customer, and the Developer is the same as previously submitted. If your circumstances have changed since the previous solicitation, then we may require information in addition to the three (3) originals of the Certifications and Checklist for Qualifications (Appendix 5 to these RFP Rules) with original signatures. The Solicitation Manager will make a determination for your particular case based on the information that has changed since the previous solicitation. We invite you to contact the Solicitation Manager by return email correspondence with a description of the circumstances that have changed so that we may determine if additional documents will be required from you.

08/27/2011 in General
FAQ-272:
If we sign the SREC Purchase and Sale Agreement (“SREC PSA”) for a project, how and when does the EDC pay money to us?

Under the SREC Purchase and Sale Agreement ("SREC PSA"), the Owner receives the price it bid for each SREC generated by the Project and transferred to the EDC over the term of the contract. The term of the SREC PSA is specified in the bid and can be from 10 to 15 years. Payments for the transferred SRECs are made quarterly during the term of the contract. Thus, such payments begin after interconnection of the Project and after SRECs are transferred to the EDC.

08/27/2011 in Purchase and Sale Agreement

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