North Carolina accepts SREC registrations from facilities sited in all 50 states. This national acceptance of SREC registrations virtually guarantees that the local SREC program will be over-supplied as long as the market exists. Systems located in the Dominion Power utility territory of North Carolina may opt to be certified in the PA SREC market instead. For a period of time before January 2011, NC systems were eligible to apply to the DC SREC market. SRECTrade can assist in the registration and management of facilities located in North Carolina that are eligible for the PA market.
Markets for NC systems
Eligible System Locations
Reaching 0.2% of total electricity generated by 2018 (based on 2017 electricity).
Upon date of interconnection.
It is up to the NCUC to determine if there will be an SACP or an alternative penalty for non-compliance.
2 years - a 2014 NC SREC can be counted towards either the 2014 or 2015 compliance.
The breakdown of the state SREC market requirements as currently set by state legislation.
|Energy Year||RPS Solar Requirement||Estimated SRECs Required (MWh)|
Source: EIA Report "Retail Sales of Electricity by State by Provider" updated 10/1/12. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% growth rate per forecast year. RPS Solar Requirement is multiplied by forecast total electricity sales to arrive at Projected SRECs Required. Projected Capacity Required is based on a factor of 1,200 MWh generated per MW of installed capacity per year. Projected Capacity Required assumes the amount of capacity needed to be operational all year to meet that year's RPS requirements with only current vintage SRECs.
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