Download as PDF, PPTX
Uploaded byMDV-SEIA
Utilizing SRECs to Maximize the ROI of Solar Energy Projects
This document discusses how solar renewable energy credits (SRECs) can maximize the return on investment of solar energy projects. SRECs are tradable commodities that provide a source of income for solar project owners in states with renewable portfolio standards that include solar carve-outs. The value of SRECs is driven by supply from residential and commercial solar systems and demand from energy suppliers needing SRECs to meet their state's renewable standards. Being able to reliably monetize SRECs through long-term financing is essential for solar project finance.
More Related Content
Similar to Utilizing SRECs to Maximize the ROI of Solar Energy Projects
![Get a Pinterest account in[ pvatopservice ]sell regular every day.pdf](https://cdn.slidesharecdn.com/ss_thumbnails/getapinterestaccountinpvatopservicesellregulareveryday-251030182003-d27b98a4-thumbnail.jpg?width=640&height=640&fit=bounds)
Utilizing SRECs to Maximize the ROI of Solar Energy Projects
- 1. Utilizing SRECs toMaximize the ROI of Solar Energy Projects Yuri Horwitz Founder and CEO Sol Systems, LLC Solar Energy Focus Conference December 4, 2009
- 2. Sol Systems • The Nation’s Oldest and Largest SREC Aggregator Let’s Make • An Innovator in Solar Energy Solar Simple TM Finance and Development • A Trusted Partner to Over 400 Homeowners and Businesses and 40 Installers and Developers
- 3. What are SolarRenewable Energy Credits (SRECs)? • Environmental attributes associated with 1 megawatt hour of solar electricity • Tradable commodities • Source of income for solar project owners • Compliance mechanism for utilities in states with a Renewable Portfolio Standard
- 4. RPS Policies withSolar Carve-Outs December 2009 WA: double credit for DG NH: 0.3% solar-electric by 2014 OR: 20 MW solar PV by 2020; double credit for PV MI: triple credit for solar MA: TBD NY: 0.1312% customer-sited NV: 1.5% solar by 2025; OH: 0.5% solar- by 2013 2.4 to 2.45 multiplier for PV CO: 0.8% solar-electric electric by 2025 by 2020 NJ: 2.12% solar-electric by 2021 IL: 1.5% solar PV UT: 2.4 multiplier by 2025 PA: 0.5% solar PV by 2020 WV: various for solar multipliers DE: 2.005% solar PV by 2019; triple credit for PV not counted AZ: 4.5% DG by 2025 MO: 0.3% solar-electric toward solar carve-out by 2021 NC: 0.2% solar MD: 2% solar-electric in 2022 by 2018 NM: 4% solar-electric by 2020 DC: 0.4% solar by 2020; 0.6% DG by 2020 1.1 multiplier for solar TX: double credit for non-wind (Non-wind goal: 500 MW) 16 states & DC have a RPS with State renewable portfolio standard with solar / distributed generation (DG) provision solar/distributed State renewable portfolio goal with solar / distributed generation provision generation Information from www.dsireusa.org
- 5. SREC Market Drivers SREC SREC SUPPLY DEMAND Residential /Commercial Solar Systems Energy Suppliers in RPS States Needs Needs 1.Long-Term SREC Sale to Finance System 1.Low Transaction Costs 2.Registration to Produce SRECs 2.Stable SREC Supply and Price 3.Education Regarding RPS Programs 3.Trusted Counterparty Solutions 1.Long-term SREC financing Solutions 2.Registration services 1.Transaction Expertise 3.Education services and materials 2.Multi-state SREC portfolios 3.Trusted counterparty
- 6. Value of SRECs Solar Renewable Energy Credits (SRECs) 36% The ability to reliable monetize SRECs is essential to solar project finance.
- 7. Yuri Horwitz 888-235-1538 [email protected] www.solsystemscompany.com