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Solar Renewable Energy Certificates (SRECs) or Solar Renewable Energy Credits, are a form of Renewable Energy Certificate or "green tag" existing in the United States of America. SRECs exist in states that have Renewable Portfolio Standard (RPS) legislation with specific requirements for solar energy, usually referred to as a "solar carve-out". [1]
Solar renewable energy certificates or SRECs, for example, tend to be more valuable in the 16 states that have set aside a portion of the RPS specifically for solar energy. [9] This differentiation is intended to promote diversity in the renewable energy mix which in an undifferentiated, competitive REC market, favors the economics and scale ...
Over 16 of the approximately 30 states with RPS programs have also established a set-aside for solar energy. This results in the creation and trading of RECs specific to solar known as solar renewable energy certificates (SRECs). With a separate market for SRECs, states are able to ensure that a portion of their renewable energy comes from solar.
As Savannah chases its goal for 100% renewable energy citywide by 2035, it kicks off a new solar program geared toward the city’s low- and middle-income households.
In 2018, Massachusetts implemented the Solar Massachusetts Renewable Target (SMART) program as a replacement for the state's former Solar Renewable Energy Credit (SREC II) program. [43] Under the SMART program, Massachusetts pays solar energy system owners at a fixed rate per kilowatt hour as an incentive. [43]
“The Solar for Schools grant program is a game changer that will help more schools across the Commonwealth access the cost-saving and educational benefits of solar energy,” said Shannon ...
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