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 oversupplied as long as the market exists.
For a period of time before January 2011, NC systems were eligible to apply to the DC SREC market. Today, systems located in the Dominion Power utility territory of North Carolina may opt to be certified to participate in the PA SREC market. SRECTrade can assist in the registration and management of facilities located in North Carolina that are eligible for the PA SREC market.
Markets for NC Systems
Eligible System Locations
Reaching 0.2% of total electricity generated by 2018 (based on 2017 electricity).
The NC eligibility start date is based on the system’s date of interconnection.
It is up to the North Carolina Utilities Commission (NCUC) to determine if there will be an SACP or an alternative penalty for non-compliance.
NC SRECs have a useful life of 2 years (i.e., a 2016 NC SREC can be counted towards either 2016 or 2017 compliance).
NC SREC market requirements as currently set by state legislation:
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