This webinar was an opportunity to review the results and progress of renewable energy bills in states that SEIA is active or monitoring. These states include Massachusetts, California, Arizona, New Jersey, Colorado, New York, Texas, and Nevada. While many of these states legislative sessions had concluded, and final results of bills are available, some were still in session – and status updates were provided.
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In 2012, the U.S. solar industry installed 3.3 GW of solar capacity, growing 76% over 2011's total. What happened in your state? Find out!
Renewable Portfolio Standards (RPSs) are a policy tool enacted by many states to stimulate growth of the renewable energy industry. They require utilities to generate or purchase a certain amount of their electricity from renewable energy within a specified time frame. If a utility does not meet this goal, they are often subject to a penalty known as an Alternative Compliance Payment (ACP). Renewable Energy Credits (RECs) are tradable credits which represent the electricity generated from a renewable resource that utilities can purchase to meet their RPS goal. Solar Renewable Energy Credits (SRECs) are a form of RECS that represent electricity generated from a solar system. RECs are subject to market dynamics with the set ACP effectively functioning as a price floor. RPSs are different in every state.