REIP and SRP Program Operations Update Tammy Gray February 8, 2011

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Presentation transcript:

REIP and SRP Program Operations Update Tammy Gray February 8, 2011

SRP Application Trend 430 469 449 423 465 384 359 191 141 90 54 30 29 SRP Registrations received through 11/15 have been approved as of 1/31/11 SRP acceptance updates are posted on the SRP main page http://www.njcleanenergy.com/renewable-energy/programs/solar-renewable-energy- certificates-srec/new-jersey-solar-renewable-energy

Approved REIP Funding Cycle 3 (FC3) REIP FC3 Budget Exhausted REIP approval update is posted on the REIP main page http://www.njcleanenergy.com/renewable-energy/programs/renewable-energy-incentive-program

EDC SREC Based Financing Program Participation and Timelines SRP Registrations must be submitted to the NJCEP staff on or before Feb 4th in order to receive the SRP Registration number by Feb 14th The Expression of Interest documents are required to be submitted to NERA no later than Feb 11th by 5pm The SRP Registration number will need to be assigned and supplied to NERA no later than Feb 14 th by 5pm The SREC Based Financing Program Website: www.njedcsolar.com Email: njsolarinfo@nera.com Contact: Benjamin Chee Telephone: 212-345-0091

EDC Program Participation (as of COB Feb 4) Types of Projects Number of Projects Capacity Non Residential < 50 kW 46 902.7 kW Non Residential > 50 kW 109 41.2 MW Residential < 10 kW 7 45 kW Residential > 10 kW 4 66 kW Total 166 42 MW

Timeline Update Transitioned existing staff and hired new staff to address high volumes As of week of 1/31 SRP Registrations approved at the rate of 150 per week Added additional person to the REIP payment processing and SRP completed projects 274 Projects - month of January 116 Projects - Feb 1-3 Should begin to notice significant decreases to processing timelines by end of February

Communications All 2011 checklists, forms, and web pages are posted on NJCleanEnergy.com All Project and Applications status and questions - Call Center-1-866-NJSMART - Email- NJREinfo@csgrp.com Webinar has been recorded and is available on our website at NJCleanEnergy.com on homepage under 2011 Program Changes Please do not contact processing team directly. Calls and emails will be routed to appropriate contact person to address your concerns.