May 2005 - Clean Power Markets, Inc. (CPM) announced that the nation's first tracking and trading system for solar renewable energy certificates (SRECs) is operating successfully in New Jersey. The system tracks and issues SRECs for solar electricity production from "behind-the-meter" distributed generation systems. Each SREC represents 1,000 kWh of solar production. Load-serving entities in New Jersey are required to procure a certain percentage of their electricity supply from solar photovoltaics and demonstrate their compliance through participation in the New Jersey SREC Program. CPM has issued more than 1,350 SRECs under the program since it began operation in July 2004.
News Release - Clean Power Markets, Inc. Reports on Solar Renewable Energy Tracking System for New Jersey (PDF 93 KB)