North Carolina

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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

PA (Dominion) or NC

Tracking Registry

NC-RETS or GATS

Energy Year

Jan - Dec

Eligible System Locations

All states

Solar requirement

Reaching 0.2% of total electricity generated by 2018 (based on 2017 electricity).

Eligibilty begins

Upon date of interconnection.

SACP

It is up to the NCUC to determine if there will be an SACP or an alternative penalty for non-compliance.

SREC useful life

2 years - a 2014 NC SREC can be counted towards either the 2014 or 2015 compliance.

Market requirements

The breakdown of the state SREC market requirements as currently set by state legislation.

Energy Year RPS Solar Requirement Estimated SRECs Required (MWh)
2010 0.02% 28,000
2011 0.02% 28,000
2012 0.07% 100,000
2013 0.07% 101,000
2014 0.07% 102,000
2015 0.14% 210,000
2016 0.14% 211,000
2017 .14% 215,000
2018 0.20% 310,000
2019 0.20% 315,000
2020 0.20% 320,000
2021 0.20% 325,000

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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