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

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 SREC markets--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:
OSTI Identifier:
1029410
Report Number(s):
NREL/TP-6A20-52868
TRN: US201201%%111
DOE Contract Number:
AC36-08GO28308
Resource Type:
Technical Report
Research Org:
National Renewable Energy Laboratory (NREL), Golden, CO.
Sponsoring Org:
USDOE Office of Solar Energy Technologies Program
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 CERTIFICATE; SREC; RENEWABLE PORTFOLIO STANDARD; RPS; UNITED STATES; SOLAR CARVE OUT; PHOTOVOLTAIC; PV; SOLAR THERMAL; MARKET TRENDS; ALTERNATIVE COMPLIANCE PAYMENT; ACP; Energy Analysis