Skip to main content

Solar Renewable Energy Certificate (SREC) Markets: Status and Trends.

Share

This paper examines experience in solar renewable energy certificate (SREC) markets in the United States. It describes how SREC markets function--key policy design provisions, eligible technologies, state and regional eligibility rules, solar alternative compliance payments, measurement and verification methods, long-term contracting provisions, and rate caps. It also examines the trends of SREC markets--trading volumes, sourcing trends, trends in the size of solar photovoltaic (PV) systems driven by these markets, and trends in price and compliance. Throughout, the paper explores key issues and challenges facing SREC markets and attempts by policymakers to address some of these market barriers. Data and information presented in this report are derived from SREC tracking systems, brokers and auctions, published reports, and information gleaned from market participants and interviews with state regulators responsible for SREC market implementation. The last section summarizes key findings.

Resource Type
Publisher
National Renewable Energy Laboratory

Browse Resources by Related Topics:

Related Resources

Tuesday, Nov 29, 2022

Solar Means Business 2022 Dataset

SEIA's Solar Means Business Report tracks solar adoption from America's corporations and businesses. SEIA members at the Watt level and above have access to the full dataset behind this report, containing project level data for more than 48,000 individual commercial solar systems.

Read More
Thursday, Sep 08, 2022

Solar Market Insight Report 2022 Q3

The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market Insight report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report. Released September 8, 2022.

Read More
Monday, Jul 11, 2022

Industry Sign-on Letter Supporting a Strong Clean Energy Reconciliation Package

On July 12, 2022, hundreds of companies across the clean energy industry in the U.S. sent a clear message to lawmakers: pass a reconciliation bill without delay that invests in America's clean energy future. 

Read More