Nexamp’s first community solar project in New Jersey, located on the rooftop of a 140,000 square foot building in South Brunswick, recently reached completion and is set to begin delivering energy cost savings to eligible area residents. With more than half of the project reserved exclusively for low- and moderate-income (LMI) residents, South Brunswick Renewables offers a variety of long-term benefits to the community.
One of only a few dozen projects awarded in the first year of a two-year pilot program in New Jersey, this community solar project is designed to generate 1.2 MW of solar energy, which equals more than 1 million kilowatt-hours each year, or enough to meet the energy needs of approximately 200 average homes. It is located in the PSE&G utility service area.
“This is an exciting milestone for us and for the state,” said Michael Cucchiara, Vice President of Business Development, Nexamp. “Not only are we helping to bring more renewable energy to the New Jersey grid, but we are also making the benefits of that energy more accessible to those who need it most. As a national provider, we have seen the positive impact that community solar can make and look forward to bringing more projects to completion in the Garden State.”
Subscribers on this community solar project will save 15% on their electricity costs with no credit checks or upfront costs and the ability to cancel at any time. Serving low- and moderate-income customers is central to the Nexamp mission and reflects the company’s emphasis on ensuring an equitable transition to the new energy economy. Working closely with local community organizations, Nexamp helps to spread the word about the savings available through community solar.
Kaplan Companies, the building owner, entered into a long-term lease with Nexamp that will provide a steady source of income while increasing the volume of renewable energy on the PSE&G grid. In addition, Nexamp worked with Kaplan Companies to provide needed structural upgrades and a new roof for the building.
“It has been exciting to see this project take shape and to know that we are hosting a much-needed renewable energy resource that will help contribute to a cleaner grid,” noted Jason Kaplan President of Kaplan Companies. “Our company has been focused on quality of life for more than seven decades, and the many benefits of community solar reflect that commitment.”
This project was made possible through New Jersey’s Community Solar Pilot Program. Under the leadership of Governor Phil Murphy and the Board of Public Utilities (BPU), New Jersey has become a nationwide leader in community solar. The BPU is expected to finalize a permanent Community Solar Program in the near future, ensuring the state continues to deliver on the promise of energy equity in New Jersey.
Limited space remains on the project for qualified LMI households. To learn more, visit https://solar.nexamp.com/nj.