After the Council of the District of Columbia recently voted to close the DC SREC market to out-of-state systems, Tennessee sellers find themselves without SREC options (solar system owners in American Electric Power territory may sell in to PA).
Tennessee does not have an in-state SREC market and we don’t see any activity in the state’s General Assembly to implement an RPS. The lack of an RPS and the rules of Tennessee’s regulated utility companies limits the state’s ability to create a traditional SREC market.
The state has, however, recently doubled their total solar capacity, up from 4.3 MW in 2010 to 8.8 MW through March 2011. In addition to two 1 MW solar farms installed by Efficient Energy of Tennessee, around 250 kW have been installed in Chattanooga through a program headed by Green Spaces, a local community organization promoting sustainable building practices. The program utilized an urban development grant along with other government incentives to install 10 systems totaling 248 kW. The program partnered with Sustainable Future, a Knoxville-based installation company.