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 at the latest.
Eligibility: 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: TBD by NCUC before July 2010
SREC Useful Life: 2 years - a 2010 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
Energy Year
|
RPS Solar Requirement |
SACP |
| 2010 |
0.02% |
N/A |
| 2011 |
0.02% |
N/A |
| 2012 |
0.07% |
N/A |
| 2013 |
0.07% |
N/A |
| 2014 |
0.07% |
N/A |
| 2015 |
0.14% |
N/A |
| 2016 |
0.14% |
N/A |
| 2017 |
0.14% |
N/A |
| 2018 |
0.20% |
N/A |
| 2019 |
0.20% |
N/A |
| 2020 |
0.20% |
N/A |
| 2021 |
0.20% |
N/A |
Useful Links:
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling 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
Other States:
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