Solar Renewable Energy Certificate (SREC) Markets: Status and Trends
Abstract
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.
- Authors:
- Publication Date:
- Research Org.:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Org.:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Solar Energy Technologies Office
- OSTI Identifier:
- 1029410
- Report Number(s):
- NREL/TP-6A20-52868
TRN: US201201%%111
- DOE Contract Number:
- AC36-08GO28308
- Resource Type:
- Technical Report
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 14 SOLAR ENERGY; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; COMPLIANCE; DESIGN; IMPLEMENTATION; MARKET; PRICES; VERIFICATION; solar renewable energy credits; SREC; renewable portfolio standard; solar carve out; photovoltaic; PV; solar thermal; market trends; alternative compliance payment; ACP
Citation Formats
Bird, Lori, Heeter, Jenny, and Kreycik, Claire. Solar Renewable Energy Certificate (SREC) Markets: Status and Trends. United States: N. p., 2011.
Web. doi:10.2172/1029410.
Bird, Lori, Heeter, Jenny, & Kreycik, Claire. Solar Renewable Energy Certificate (SREC) Markets: Status and Trends. United States. https://doi.org/10.2172/1029410
Bird, Lori, Heeter, Jenny, and Kreycik, Claire. 2011.
"Solar Renewable Energy Certificate (SREC) Markets: Status and Trends". United States. https://doi.org/10.2172/1029410. https://www.osti.gov/servlets/purl/1029410.
@article{osti_1029410,
title = {Solar Renewable Energy Certificate (SREC) Markets: Status and Trends},
author = {Bird, Lori and Heeter, Jenny and Kreycik, Claire},
abstractNote = {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.},
doi = {10.2172/1029410},
url = {https://www.osti.gov/biblio/1029410},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Nov 01 00:00:00 EDT 2011},
month = {Tue Nov 01 00:00:00 EDT 2011}
}