North Carolina SREC Market
North Carolina is still in the early stages of implementing their SREC program, so there is not yet much of a market. The NCUC is required to develop, implement, and maintain an online tracking platform to verify the compliance of the utilities and to facilitate the establishment of a market for the purchase and sale of renewable energy certificates by July 1, 2010. This platform has been named NC-RETS and has been developed by APX.
Pricing:
SREC Auction - Auction closing prices history
Long Term Forwards Contracts - Information on fixed-price contracts for NC SRECs
Prepaid SREC Forwards - Information on upfront payments for NC SRECs
Other states in which North Carolina facilities are eligible:
District of Columbia
Pennsylvania (Dominion Power territory only)
States Eligible for NC Market: Up to 25% of the SRECs may be procured from out-of-state resources. All forms of solar are eligible to be certified including solar electric, solar water heating, solar absorption cooling, solar dehumidification, solar thermally driven refrigeration, and solar industrial process heat
Energy Year: January 1 to December 31
Tracking Platform: NC-RETS
SREC Useful Life: 2 years - a 2010 NC SREC can be counted towards either the 2010 or 2011
Solar Requirement: Reaching 0.2% of total electricty generated by 2018 (based on 2017 electricity)
SACP: It is up to the NCUC to determine if there will be an SACP or an alternative penalty for non-compliance
Eligibility Begins: Upon date of interconnection
| Energy Year |
RPS Solar Requirement |
Projected SRECs Required (MWh) |
SACP |
| 2010 |
0.02% |
28,000 |
N/A |
| 2011 |
0.02% |
28,000 |
N/A |
| 2012 |
0.07% |
100,000 |
N/A |
| 2013 |
0.07% |
101,000 |
N/A |
| 2014 |
0.07% |
102,000 |
N/A |
| 2015 |
0.14% |
210,000 |
N/A |
| 2016 |
0.14% |
211,000 |
N/A |
| 2017 |
0.14% |
215,000 |
N/A |
| 2018 |
0.20% |
310,000 |
N/A |
| 2019 |
0.20% |
315,000 |
N/A |
| 2020 |
0.20% |
320,000 |
N/A |
| 2021 |
0.20% |
325,000 |
N/A |
Useful Links:
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling NC SRECs
North Carolina Blog - Starting point for useful information regarding the North Carolina SREC market
Registering in North Carolina - Application details from the NCUC
Cross-Listing your SRECs - Cross-Registering your system outside North Carolina
DSIRE: North Carolina RPS - Details on the Renewable Portfolio Standard
The image below shows a map of the PJM Region. Any facilities cited within the territories highlighted are eligible to participate in the DC and PA SREC programs. NC facilities in the Virginia Electric and Power Co. Territory are eligible.
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