Ohio SREC Market
The Ohio SREC market is still in the early phases. This is the first year of the RPS and since the markets between Ohio and Pennsylvania are interchangeable, this market should act similar to Pennsylvania as SRECs from either state can be registered in the other. Meanwhile, the SACP is very similar to Maryland, so look to Maryland pricing to see how it compares.
Pricing:
SREC Auction - Auction closing prices history
OH Long Term Forwards Contracts - Information on long term contracts for OH SRECs
OH Prepaid SREC Forwards - Information on prepaid contracts for OH SRECs
Other states in which Ohio facilities are eligible:
District of Columbia
Pennsylvania
States eligible for OH Market: Only solar photovoltaic installations in Ohio and bordering states are eligible for OH SRECs (IN, KY, WV, PA, MI). 50% of the SRECs must be generated by in-state resources.
Energy Year: January 1 to December 31
Tracking Platform: GATS or MISO
Meter Readings: All generators must provide readings for SREC generation
SREC Useful Life: 5 years - a 2010 SREC can be counted towards any RPS from 2010-2014
Solar Requirement: Reaching 0.50% of total electricty generated in 2024
SACP: Declining $50 bi-annually to a minimum of $50 in 2024
Meter Readings: Must report generation from revenue grade meters.
Eligibility Begins: Upon date of interconnection.
Energy Year
|
Projected SRECs Required (MWh) |
RPS Solar Requirement |
SACP |
| 2009 |
7,000 |
0.004% |
$450 |
| 2010 |
17,000 |
0.01% |
$400 |
| 2011 |
52,000 |
0.03% |
$400 |
| 2012 |
105,000 |
0.06% |
$350 |
| 2013 |
160,000 |
0.09% |
$350 |
| 2014 |
215,000 |
0.12% |
$300 |
| 2015 |
275,000 |
0.15% |
$300 |
| 2016 |
330,000 |
0.18% |
$250 |
| 2017 |
415,000 |
0.22% |
$250 |
| 2018 |
495,000 |
0.26% |
$200 |
| 2019 |
580,000 |
0.30% |
$200 |
| 2020 |
670,000 |
0.34% |
$150 |
| 2021 |
750,000 |
0.38% |
$150 |
| 2022 |
850,000 |
0.42% |
$100 |
| 2023 |
945,000 |
0.46% |
$100 |
| 2024 |
1,040,000 |
0.50% |
$50 |
Useful Links:
Ohio Client Forms - All the forms necessary to sign up for SRECTrade's EasyREC service
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling SRECs
Ohio Blog - Starting point for useful information regarding the Ohio SREC market
Registering in Ohio - Application details from Ohio PUCO
Cross-Listing your SRECs - Cross-Registering your system outside Ohio
DSIRE: Ohio RPS - Details on the Renewable Portfolio Standard
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