Allyson’s full presentation can be viewed here. The 152-page document outlines strategies to help the state meet a goal of 10 percent in-state solar electricity generation by 2030. For more details on Pennsylvania’s regulations, see the Pennsylvania AEPS website. Moving forward, it appears that the PA REC Program Administrator will be responsible for working with PJM GATS to re-certify SREC-contracted facilities for Tier I non-solar REC generation once their contract term expires. These SRECs can be used to offset your payments for the system reducing your Return on Investment with a year or two, which means it will cost less to enjoy clean, renewable, and free energy produced by the sun. Subscribe to our quarterly journal The Sol SOURCE for analysis on the latest solar finance and investment trends. In addition, the Order clarified that SRECs generated by certified but out-of-state facilities prior to October 30, 2017 will retain their Tier I solar qualification for their standard banking lifetime (current reporting year and following two). In particular, the conference provided a forum for in-depth conversations around the future of critical, although challenged, state markets such as Pennsylvania and Maryland. On October 30th, Pennsylvania Governor Wolf signed into law Act No. Posted in Pennsylvania | Comments Off on Pennsylvania SREC Market Update. The change would mean the potential for even more growth in SREC prices beyond 2021. It would exceed New Jersey’s 5.1% carve-out, matching Washington DC’s 10% solar by 2041, and falling short of Maryland’s 14.5% by 2030, the highest solar carveout in the country. This is to be expected as more solar power is installed in each of these states – it signals that there is a greater supply of SRECs in the market, which means that utilities are closer to reaching their RPS goals. PV resources are included under Tier 1, but Pennsylvania has also established a separate 0.5% carve-out for PV. Not sure if going solar is the right option for you? Pennsylvania has an alternative energy portfolio standard (APS) that requires its utilities to produce 18 percent of their electricity from renewable resources in 2021. For more details on Pennsylvania’s regulations, see the. For the generator to maintain eligibility the contract would have to be signed directly with an Electric Distribution Company (EDC) or Electric Generation Supplier (EGS). The contracting EDC or EGS would need to file a petition for approval with PUC within 60 days of the May 3, 2018 final implementation order. Stay up-to-date with all the news, updates and information about Knollwood Energy and SREC's in NJ, PA, OH, NH, MA and MD. Posted in Maryland, New Jersey, Pennsylvania, SREC Markets | Comments Off on Environmental Markets Association – PA, NJ, and MD SREC Presentation. “We look forward to introducing new products in the coming months to serve the monetization needs of a wider array of customers, to include new and existing customers.”. In conjunction, Gov. Brett’s presentation covered the fundamentals of the Maryland SREC market and laid out hypothetical future scenarios assuming various RPS carve-out schedules and build rates. SRECTrade will provide updates on the Act and on the PUC’s interpretation as soon as more information is made available. The conference’s focus was on “cracking the code for East Coast solar”, and the subject matter covered a wide variety of issues relevant to the solar industry across the Mid-Atlantic region. On Thursday, May 3rd, the Pennsylvania Public Utilities Commission (PUC) entered its Final Implementation Order of Act 40 of 2017, clarifying some questions that remained from its adoption of the Final Implementation Order. As always, Solar United Neighbors recommends that homeowners get in touch with multiple brokerage firms to compare deals to find the balance of risk and income that best fits their needs. Jersey, in turn, has 2,191 more solar jobs. Some Sol Systems customers were also given the option to sell their next 15 years-worth of SREC credits for a lump-sum payment of $20 per kilowatt of system capacity. The cap for PA SRECs is 200% of the average market value for SRECs. In recent years, electric distributors have been able to purchase SRECs from outside PA sources. The Alternative Solar Renewable Energy Credit (SREC) Market & Carbon Offset Program will provide local solar projects (focused on non-profits) with a stream of revenue by allowing institutions and businesses to buy SRECs from local solar projects to offset carbon pollution and simultaneously support local renewable energy generation projects for not-for-profit organizations. On November 15th, the Pennsylvania Department of Environmental Protection (DEP) released its final “Pennsylvania’s Solar Future Plan” which outlines strategies to increase solar powered generation in the state from 1% to 10% of total electric generation by 2030. On May 3, 2018, the PA Public Utilities Commission entered its final implementation order.The order clarified two main items: In October 2017, Governor Wolf signed Act 40 into law. We're a community of people building a new energy system with rooftop solar at the cornerstone. on Pennsylvania Governor Tom Wolf Announces Support For AEPS Expansion, on Pennsylvania DEP Releases Final “Solar Future Plan”, on PA PUC Enters Final Implementation Order of Act 40, on PA PUC Adopts Final Implementation Order of Act 40 – Impacts Out-of-State PA-Certified Solar Projects, on PA Passes Act Restricting Geographical Eligibility for PA SRECs, on SRECTrade at Solar Focus 2016: Maryland SREC Update and Pennsylvania RPS Overview, on Environmental Markets Association – PA, NJ, and MD SREC Presentation. In reaction to these bullish signals from policymakers and the closure of PA borders to out-of-state systems, SREC prices have seen an appreciation in value over the past 12 to 18 months to values around $35-45.
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