|
|
 |
 |
| SRPS/SREC |
|
Creating a Renewable Energy Economy.
With Solar Renewable Portfolio Standards &
Solar Renewable Energy Credits |
|
|
|
In the U.S., Renewable Portfolio Standards (RPS) and Solar Renewable Energy Credits (Solar RECs or SRECs) have helped make solar energy a cost-competitive alternative to fossil fuels. SunEdison has immense expertise in RPS and SREC policies. That's why we can offer our customers the most affordable energy prices.
Renewable Portfolio Standards (RPS) Basics:
Renewable Portfolio Standards are state laws mandating that retail electricity providers obtain a certain percentage of their total annual energy sales from renewable energy sources each year. These state laws generally set targets to achieve a certain amount of electricity from renewable energy sources by a particular date. “Twenty percent renewable energy by 2020” is an example of such a target.
Renewable Portfolio Standards are becoming a national reality, driving the adoption of renewable energy throughout the United States. Over half of the states have established RPS requirements. New Jersey, Colorado, Maryland and California are among the leaders in RPS models that support the renewable energy economy and regional job growth.
Several state Renewable Portfolio Standards require that a portion of the RPS be met with solar energy. SunEdison understands how each state RPS is designed and helps utility and energy companies meet their RPS requirements through the execution of either ground-mount systems or distributed generation solar programs.
Solar Renewable Energy Credits (SRECs):
Solar Renewable Energy Credits represent the environmental attributes (clean energy benefits) associated with solar energy generation from a solar energy system. These environmental attributes can be sold separately from the electricity as Solar Renewable Energy Credits.
Under most state RPS programs, there is one SREC associated with each megawatt-hour (MWh) of solar energy generation. If the Solar Renewable Energy Credit is unbundled from the electricity and sold separately, the electricity is no longer considered "renewable" and is not eligible to participate in state RPS or voluntary renewable energy programs.
SunEdison utilizes Solar Renewable Energy Credits in a variety of ways in order to provide the greatest value and lowest-cost energy to customers.
In states where formal RPS and voluntary SREC markets exist, the ability to monetize Solar Renewable Energy Credits can be critical to the financing of solar PV systems. Consequently, SunEdison has numerous relationships with institutions, including utility companies and renewable energy marketers, who purchase SRECs for both RPS compliance and voluntary objectives.
SunEdison host customers often have environmental and clean energy goals, and we are happy to work with customers to provide solutions for their environmental goals.
|
|
|
| |
Greening energy. |
|
|
| SRECs allow organizations to offset CO2 emissions. |
|
|
| |
 |
|
|
|
|
|
|
|
|
|
|
|
California Dept of General Services
"The construction went very quickly. It's some of the best quality work I've seen. Everything worked the way it was supposed to from the start."
Harry Franey
Chief of Energy Management
California Dept of General Services
MORE TESTIMONIALS >> |
|
|
|
|
|
| |
|
