Solar Renewable Energy Certificate (SREC) Markets: Status and Trends

Technical Report · Tue Nov 01 00:00:00 EDT 2011

DOI:https://doi.org/10.2172/1029410· OSTI ID:1029410

Bird, Lori; Heeter, Jenny; Kreycik, Claire

This paper examines experience in solar renewable energy certificate (SREC) markets in the United States. It describes how SREC markets function--key policy design provisions, eligible technologies, state and regional eligibility rules, solar alternative compliance payments, measurement and verification methods, long-term contracting provisions, and rate caps. It also examines the trends of SRECmarkets--trading volumes, sourcing trends, trends in the size of solar photovoltaic (PV) systems driven by these markets, and trends in price and compliance. Throughout, the paper explores key issues and challenges facing SREC markets and attempts by policymakers to address some of these market barriers. Data and information presented in this report are derived from SREC tracking systems,brokers and auctions, published reports, and information gleaned from market participants and interviews with state regulators responsible for SREC market implementation. The last section summarizes key findings.

• Research Organization: National Renewable Energy Laboratory (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 1029410
• Report Number(s): NREL/TP-6A20-52868
• Country of Publication: United States
• Language: English

Related Subjects

14 SOLAR ENERGY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ACP
alternative compliance payment
COMPLIANCE
DESIGN
IMPLEMENTATION
MARKET
market trends
photovoltaic
PRICES
PV
renewable portfolio standard
solar carve out
solar renewable energy credits
solar thermal
SREC
VERIFICATION