1. Renewable Energy Committee Meeting Applied Energy Group, Inc.
Solar Market Update
Renewable Energy Committee Meeting
September 20, 2016
Applied Energy Group, Inc.
317 George Street, Suite 305
New Brunswick, New Jersey 08901
Presenters:
Mike Ambrosio, SVP
Tammy Vanblarcom, Manager 1

2. Installation Report Update
: Data reported by Honeywell (HW) based on QA/QC date
QA/QC: Row includes those registrations processed by HW with a QC/QA date in
2015 and 2016, with PTO dated prior to 1/1/15.
2016 w/PTO prior to 1/1/15: This row includes those registrations
processed in 2016 with a PTO date prior to 1/1/2015
: Capacity based on PTO
Estimated installations: final as-built packets received that have not yet been processed 2

3. Monthly Installation Report
Note: Prior to March 1, 2016, the month in which a solar project was reported as installed was based upon the date the final registration packet reached QA/QC status.
Starting with the report in May of 2016, the month in which a project is reported as installed is based upon the date the project received permission to operate (PTO) from
its electric distribution company (EDC)
The change in methodology results in a more accurate representation of when a project was install. However, the monthly installations shown above include only those projects that have reported a PTO date to the SRP Processing Team. The actual amount installed in any month will not be known until all projects installed in that month submit a PTO date. Therefore, for example, the amount shown for August 2016 should not be interpreted as what was installed in August. Alternatively, it represents only the projects installed in August that have reported a PTO date as of the date of the report.
Based on the above data, we are seeing a lag time of well over 2-3 months between when a project obtains a PTO and when it submits the PTO to the
SRP Processing Team. The monthly installation number will be updated as additional PTO dates are reported. 3

4. Grid supply

5. Pipeline Report Update5

6. Grid projects pipeline Report6

7. Solar Reporting Update
Installation and Pipeline Reports for August were posted on September 15th
Data clean up 7

8. SREC Trading Statistics Energy year 2016
Current SREC Trading Statistics Energy Year 2016 – through June 2016
For SRECs created from electricity produced during Energy Year 2016, June 1, May 31, 2016, or during Energy Years 2013, 2014 or SRECs eligible for use in NJ’s RPS have vintage established by the Solar Act of 2012 but may only be retired once.
EY 2016 SACP= $323. Due to low trade volume, the July 2015 trades are reported with the pricing data from the previous Energy Year
Note: Information reported prior to March 2016 based on historical reports
PJM-GATS is currently developing the Cumulative Weighted Average Report which will be available on their website in the near future 8

9. SRP Program Operations Update9

10. SRP Registration Submitted
* March and April totals include the 4100 registrations that were withdrawn from the
pending queue and re-submitted in the online portal
5302*
3306
3098
2653
2059
1808 10

11. SRP Acceptance Letter Issued
3985
3110
2435
1676
1676
1286
SRP Registrations are issued SRP Acceptance letters within 2-3 days from date the registration is submitted 11

12. Completions NJ Certification Numbers Issued
Completed YTD Totals
,482
2847
2673
1674
1272
542 54
Final As Built Packets submitted through 7/5 have been processed
An additional 807 finals were processed and deemed incomplete 12

13. SREC Registration Program Updates
Final submitted in paper for portal submissions
Working on changes to forms and checklists
High volume of incomplete finals
New Drop Off Procedures

14. Visit NJCleanEnergy.com Call (866) NJSMART
For More Information
Visit NJCleanEnergy.com
Call (866) NJSMART
For the latest updates on program announcements
or new incentives, subscribe to the NJ Clean Energy Program
E-Newsletter at: NJCleanEnergy.com.