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.
Eligible Technologies:
“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