In May 2018, A.B. 3723 increased the total RPS requirement in New Jersey to 35% by 2025 and 50% by 2030 where the specified percentage of electricity sold in the the state must come from qualified Class I renewable energy sources. In addition, 2.5% of the electricity each year must come from qualified Class II renewable energy source.
“Class I” renewable energy is defined as electricity derived from solar energy, wind energy, wave or tidal action, geothermal energy, landfill gas, and anaerobic digestion. Class I renewable energy also includes hydroelectric facilities of 3 MW or less that are: placed in service after July 23, 2012.
“Class II” renewable energy is defined as electricity generated by hydropower facilities larger than 3 megawatts (MW) and less than 30 MW*, and resource-recovery facilities (municipal solid waste or MSW) located in New Jersey and approved by the DEP. Electricity generated by a resource-recovery facility outside New Jersey qualifies as “Class II” renewable energy if the facility is located in a state with retail electric competition and the facility is approved by the DEP.
Markets for VA Systems: NJ and PA Tier-1
Tracking Registry: GATS
Energy Year: June – May
Eligible System Locations: NJ