Note: In order to participate in this program, customers must have signed an agreement by December 31, 2012. Check the program web site above for information regarding future solicitations.
Duke Energy Ohio offers the Solar Renewable Energy Credits program to residential customers in Ohio that install solar photovoltaic (PV) systems on their homes. One solar renewable energy credit (SREC) is created when a PV system generates one megawatt (MW) of electricity. The prices are set by market conditions for the year in which the REC was created. The price for RECs in 2010 was $300.
In order to qualify for the program, a customer must register the facility with the Public Utilities Commission of Ohio and establish an account with either the Generating Attributes Tracking System (GATS) or the Midwest Renewable Energy Tracking System (M-RETS). Eligible customers must sign a 15-year purchase agreement with Duke Energy by December 31, 2012 and sign an interconnection agreement with the company. PV systems comply with the standard net-metering requirements of Duke Energy's net metering program, and systems 6 kilowatts (kW) or larger require an additional meter.
Once a customer signs a purchase contract with Duke Energy, RECs will be certified by the tracking company after December 31 of each year. The customer must then transfer the RECs and forward an invoice directly to Duke Energy on or before February 15 in order to receive payment.
|Incentive Type:||Performance-Based Incentive|
|Administrator:||Duke Energy Ohio|
|Eligible Renewable/Other Technologies:||
RECs produced in 2010: $300/REC
Future RECs will be based on market conditions
System must be registered with the Public Utilities Commission of Ohio
Customer must establish an account with GATS or M-RETS
Customer must sign a 15-year purchase agreement with Duke energy by Dec. 31, 2012
|Equipment Requirements:||Systems 6 kW or more require an additional meter|
Must be interconnected to the Duke Energy Ohio grid
Must comply with Duke energy's net metering requirements
|Ownership of Renewable Energy Credits:||Duke Energy Ohio purchases RECs from customer|
|Name:||Duke Energy Ohio - SRECs|
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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