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IP Solar NJ LLC - 3

New Jersey Community Solar Pilot Program Phase 1 Cedar Solar

Lakewood TownshipNJ

Attributes

  • State New Jersey
  • Utility type Investor-owned utility (IOU)
  • Regulatory Structure Regulated
  • Community Solar Bill Credit Value Retail Rate
  • Community Solar Enabling Legislation Yes
  • Value of State Level RECs & Subsidies High = more than 25% of value stack
  • Eligible for Tax Benefits Yes
  • Installation type Roof
  • Year energized 2021
  • Project capacity 305 KW AC
  • LMI Share of Capacity 51%
  • LMI Requirement Carve-out
  • Energy Rate Average $0.16
  • LMI Customer Savings 18%
  • Minimum LMI Savings Mandated No
  • Potential # LMI Subscribers 62

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