Hey everyone This is Wayne DeCoteau with
Your Partner In Solar. I've worked in the Solar field for
more than 9 years, helping businesses and homeowners transition to solar energy. Today, I'm here with you to talk regarding the Transition Renewable Energy certificate Program, also known by the
TREC. It's the TREC is the
new solar program that's being offered in
New Jersey. It's an incentive-based solar program that's offered over a period of
15 years. It's beneficial to
homeowners as well as
business owners.
When an array of solar panels produces 1,000 Kilowatt hours, you'll be awarded a certificate worth cash. For residential use, the value is $91.20. Commercially you'll get $152 for a fixed. the typical residential system could yield 10,000 kilowatts of energy annually, for instance. in this case, your $91.20 incentive is worth more than $900 in year one , and
$13,000 for the next 15 years of commercial usage, which makes it worth more. We are awestruck by this incentive. It offers a good assurance for the
return of investment, and also aids in managing cash flow on loans from solar.