New Jersey's SREC market is the largest in the nation. In July 2012, the state passed legislation to pull forward the RPS requirements from the 2014 energy year to account for the substantial amount of solar capacity installed in the state. In May 2018, the state increased the RPS requirements again.

For a period of time before January 2011, NJ systems were eligible to apply to the DC SREC market; today, NJ-sited systems are only eligible for participation in the NJ SREC market.

The NJ Office of Clean Energy issues clients a state certification after the system is officially interconnected with the utility. Once the state certification is provided, clients may complete their SRECTrade.com application, and SRECTrade can complete the registration of the facility in the PJM-GATS tracking registry. NJ is the only SREC state in which the client and/or installation company is responsible for obtaining the state SREC certification. In other states, SRECTrade can complete the certification process for its clients.