Thursday, June 3, 2010


I mentioned RECs (Renewable Energy Credit) for the Thermal Solar heater, in a previous post. Some folks are not aware you can sell these RECs. They do not even know that Thermal Solar has RECs. Well they do. RECs are based on a RPS, Renewable Portfolio Standards , system. It varies from State to State. There are many States coming on-board to allow outsource buying of these RPS in RECs. There are some companies that will buy these RECs. One of them is S-REC TRADE AN ONLINE TRADING. This is a portion of their question and answer section.

"......Are solar thermal SRECs valued the same as solar photovoltaic SRECs sold in auction?
Yes, in DC and NC, solar thermal facilities can be approved to generate SRECs that have the same value to buyers purchasing to meet state compliance requirements. Any auction for SRECs in DC will include solar PV and solar thermal SRECs sold at the same price
Both DC and NC allow out-of-state facilities to qualify, so many states are eligible to sell into these markets. If your state is not eligible to sell into DC or NC, then the RECs produced by your facility have no value to buyers in the state compliance markets (i.e. our buyers). You may still however be able to find ways to sell the RECs in voluntary or non-solar compliance markets – also known as generic REC markets. There are companies out there that may help...."

We are with a company that will also buy our Thermal RECs based on the RPS of our system. We have a bill in our legislature right now that is on this very subject. Our hope is that Maryland will come on board and allow the companies in Maryland to buy the Thermal S-RECs.

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