The energyproducedwill be eligible for Solar Renewable Energy Certificates (SRECs), which can besold to loadservingbusinesses in New Jersey tomeettheirrenewable energy requirements.
States are turning to more market based incentives as opposed to rebates, such as the Solar Renewable Energy Credits (SRECs), a cap and trade like credit granted to firms or individuals who have installed solar capacity, which can be sold on spot markets.