N.J. Admin. Code § 14:8-11.7

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

Section 14:8-11.7 - Market segment megawatt blocks for the ADI Program

(a) The Board shall set, through a Board order, an annual budget allocation for each of the market segments described at (b) below. The annual budget allocations shall ensure that total program spending remains in accordance with the cost cap established pursuant to P.L. 2018, c. 17, codified at N.J.S.A. 48:3-87(d)(2), and promote project diversity after considering the historic market share of each market segment. The Board may set annual budget allocations that are aggregated for multiple market segments.

(b) The Board shall allocate megawatt blocks to the following initial market segments in the ADI Program:

1. Net Metered Residential (all sizes);

2. Net Metered Non-Residential smaller than one MW, located on a rooftop, carport, canopy, or floating solar;

3. Net Metered Non-Residential one MW to five MW, located on a rooftop, carport, canopy, or floating solar;

4. Net Metered Non-Residential smaller than one MW, all ground mounted facilities;

5. Net Metered Non-Residential one MW to five MW, all ground mounted facilities;

6. LMI Community Solar, as defined in the Community Solar Energy Pilot Program or Community Solar Energy Program, as relevant;

7. Non-LMI Community Solar, as defined in the Community Solar Energy Pilot Program or Community Solar Energy Program, as relevant; and

8. On an interim basis, contaminated sites, which is a market segment open only to facilities previously eligible for conditional certification pursuant to N.J.S.A. 48:3-87(t).

(c) The Board may adjust the market segments or create new market segments through a Board order to reflect changes in the solar market. In considering an adjustment, the Board shall include consideration of whether increased or decreased differentiation between market segments is necessary in light of the costs and revenues of different project types, administrative complexity, or the emergence of new technologies.

(d) Based on the annual budget allocation for each market segment established by the Board pursuant to (a) above, divided by a forecast of the estimated cost of NJ SREC-IIs from that market segment, the Board will establish, by Board Order, an annual capacity megawatt block or quarterly capacity megawatt blocks for market segments in the ADI Program. If the Board establishes quarterly megawatt blocks, unused capacity within a block will roll over from quarter to quarter within each given energy year. The Board may set capacity targets that are aggregated for multiple market segments.

(e) The SuSI Program registration manager shall accept new registration packages for a given market segment until the capacity block for that market segment is fully subscribed. When the capacity block for a given market segment is reached, the SuSI Program registration manager shall close the registration portal and stop accepting new registrations until the next capacity block is opened. A capacity block will be defined as being fully subscribed when the last registration received in the registration portal causes the total capacity of all registrations in that block to exceed the capacity allocation for said block.

N.J. Admin. Code § 14:8-11.7

Amended by 55 N.J.R. 2555(a), effective 12/18/2023