NJ BPU Renewable Energy Incentive Program (REIP) FY 2015 Renewable Electric Storage Incentive

Posted: October 23, 2014 - 12:00 / NJ / FOA-RFI-RFP

The goal of the FY2015 Renewable Electric Storage Incentive Solicitation (“Solicitation”) is to provide support in the form of financial incentives for energy storage systems that are integrated with Class 1 renewable energy projects installed behind the meter at customer sites. 

This program will ultimately benefit New Jersey ratepayers by supporting the installation of renewable electric storage systems in government, commercial, institutional and industrial entities (including public and critical facilities) for the purpose of providing emergency back-up for essential services, offsetting peak loads by shifting electricity to hours of higher demand and, or helping to stabilize the electric distribution system through the provision of frequency regulation services.

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