Are NJ Transition Renewable Energy Certificates (TRECs) payments considered taxable income?

[periodic_solar]

And if this is taxable income. How should it be reported while filing taxes?

[ShirlynW]

Yes. NJ Transition Renewable Energy Certificates (TRECs) payments are considered taxable income. The payments are taxable on your federal and state tax returns. Following @Irene2805's advice from this page, you'll enter this income using the following steps:

1. Open your TurboTax account.
2. "Take up where you left off."
3. In the panel on the left, click Federal > Wage & Income.
4. Scroll down to "Less Common Income" > Miscellaneous Income > Start/Revisit.

     5.  "Other reportable income" > Start/Revisit.

    6.  On the screen, "Any Other Taxable Income," select "Yes" > Continue.

   7.  On the screen, "Other Taxable Income" enter the description and amount.

   8.   Continue > Done.