AEP Ohio - Renewable Energy Credit (REC) Purchase Program (Ohio)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||AEP Ohio - Renewable Energy Credit (REC) Purchase Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Fed. Government, Agricultural, Institutional|
|Eligible Technologies||Photovoltaics, Wind|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| 2011 Solar: 300/REC|
2012-2013 Solar: 262.50/REC
|Eligible System Size||Must have a rated capacity of 100kW or less|
|Equipment Requirements||System must be registered with the State of Ohio|
|Installation Requirements||Customer must have an interconnection agreement with AEP Ohio|
|Terms||RECs must be registered in the PJM-GATS|
|Program Administrator||American Electric Power Ohio|
|Date added to DSIRE||2011-08-01|
|Last DSIRE Review||2014-10-03|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Note: This program is currently closed. All RECs were required to be transfered into AEP Ohio's GATS account by July 15, 2013 in order to be eligible for the program. No information is available regarding future solicitations. Check the program web site for more information.
As part of AEP Ohio's Renewable Energy Credit (REC) Purchase Program, customers can sell their RECs produced from solar photovoltaic or wind energy systems. One REC is the environmental attributes of one megawatt hour (MWH) of electricity produced from a renewable source. Systems must be located within AEP's service territory and must have been placed in service on or after January 1, 1998. Only RECs created after July 31, 2008 and before June 30, 2013 qualify for the program. The customer must have an interconnection agreement with AEP Ohio, and the customer must have a utility grade meter installed with their system in order to record energy production. For systems less than 6 kW, customers can use the data tracking system that is built into their inverter if it is approved by the Public Utility Commission of Ohio. All systems must be registered with the State of Ohio, and the RECs must be registered in PJM-GATS.
For wind facilities, customers will receive $34 per REC. For solar facilities, customers will receive $300 per REC for RECs purchased in 2011, and $262.50 per REC purchased in 2012 or 2013. RECs must be transferred to AEP Ohio's GATS account by January 15, 2012 in order to receive 2011 prices, by January 15, 2013 to receive 2012 prices, and by July 15, 2013 in order to receive 2013 prices. Payments are issued to the customer a month after the transfer deadlines.
In order to enter the program, customers must contact the Distributed Generation Coordinator below. Detailed requirements and a sample agreement are available on the program website.
Customers that install solar or wind may alternatively choose to participate in the Renewable Energy Technology (RET) Incentive Program. Customers who participate in the RET program receive a financial incentive based on the size or estimated output of their system, but must commit their RECs to AEP Ohio.
|Contact Name||Distributed Generation Coordinator|
|Address||850 Tech Center Drive|
|Phone 2||(614) 883-7891|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.