The Renewable Electric Storage Program provides financial incentives for electric energy storage systems that are integrated with Class 1 renewable energy projects installed behind-the-meter at non-residential customer sites. It seeks to benefit New Jersey ratepayers by supporting the installation of renewable electric storage systems in government, commercial, institutional and industrial entities for the purpose of providing emergency back-up power 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.
NOTICE: Open enrollment continues in Fiscal Year 2017, which began on July 1, 2016, for the Renewable Electric Storage (RES) Program. Applications will continue to be accepted until the program's $3 million budget is fully committed (see chart above for status of remaining funds) or the Board replaces the program with a competitive solicitation.
For program updates, and details on how to apply, visit http://www.njcleanenergy.com/renewable-energy/programs/energy-storage