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Are privately-funded photovoltaic (solar) installations, which may ultimately receive Renewable Energy Credits (RECs) or Solar Renewable Energy Credits (SRECs) subject to Prevailing Wage?

April 26, 2017Credits installations photovoltaic privately-funded RECs renewable energy solar srecs ultimately

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Are privately-funded photovoltaic (solar) installations, which may ultimately receive Renewable Energy Credits (RECs) or Solar Renewable Energy Credits (SRECs) subject to Prevailing Wage?

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A. No, unlike other programs administered by the Board of Public Utilities, RECs and SRECs do not carry a requirement to pay Prevailing Wage, provided the installation is not “public works”, as defined in the NJ Prevailing Wage Act (i.e. work performed on property owned by a public body, etc), or being done under contract with a utility company.