Solar Carve-Out II (SREC-II)

SRECs have enabled stable pricing for solar developers and has enabled utilities to reach zero-emission targets. Following the revisions made to the Renewable Portfolio Standard (RPS) Class I Regulation that were finalized on April 25, 2014, the Department of Energy Resources carved out a portion of the RPS Class I Renewable Energy requirement to support distributed solar photovoltaic (PV) energy

September 30 2016