Hey everyone This is Wayne DeCoteau with Your Partner In Solar. Your Partner In Solar is an installation firm for photovoltaic solar panels. We have a presence in the New Jersey, New York region. I've worked in the Solar field for more than 8 years, helping businesses and homeowners transition to solar energy. Today, I'm here with you to talk regarding the Transition Renewable Energy certificate Program, also known by the TREC. It's the TREC is the new solar program that's being offered in New Jersey. It's an incentive-based solar program that's offered over a period of 15 years. It's beneficial to homeowners as well as business owners.

When an array of solar panels produces 1,000 Kilowatt hours, you'll be awarded a certificate worth cash. For residential use, the value is $91.20. Commercially you'll get $152 for a fixed. the typical residential system could yield 10,000 kilowatts of energy annually, for instance. in this case, your $91.20 incentive is worth more than $900 in year one , and $13,000 for the next 15 years of commercial usage, which makes it worth more. We are awestruck by this incentive. It offers a good assurance for the return of investment, and also aids in managing cash flow on loans from solar.