The Renewable Portfolio Standard (RPS) annual report tracks the state’s progress in achieving its goals to shift New Jersey’s reliance on fuels contributing to global climate change to newer and cleaner ways of producing electricity. The reporting year ended May 31, 2010
77 million megawatt hours: The amount of retail electricity sold in New Jersey during the reporting year, down from 81 million megawatt hours the previous year.
$122 million: The one-year cost of complying with the state’s Renewable Portfolio Standard, expenses primarily associated with the cost of renewable energy certificates (RECs) and solar renewable certificates (SRECs), which owners of renewable energy systems earn for the electricity the systems produce.
24: The number of megawatts of solar capacity installed in December 2010, an all-time monthly high.
8,037: The total number of solar systems installed since the clean energy program began in 2001, as of December 31, 2010.
17: The total number of biomass systems, which burn renewable sources of fuel, such as wood chips, to produce electricity, installed since the program began.
8: The total number of fuel cells funded since the program began. Fuel cells create energy by converting a fuel, such as hydrogen, into electricity.
$373,192,234: The total amount of rebates handed out to help develop solar, wind, biomass and fuel cell projects.
$349,578,777: The total amount of rebates handed out to help develop strictly solar capacity in New Jersey.
132: The amount of megawatt capacity installed from solar projects in reporting year 2010, which is more than the cumulative capacity of solar since the inception of the program in 2001.