Duke Energy - Solar Renewable Energy Credits Program (Ohio)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Ohio

Name Duke Energy - Solar Renewable Energy Credits Program
Incentive Type Performance-Based Incentive
Applicable Sector Residential
Eligible Technologies Photovoltaics
Active Incentive No

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount RECs produced in 2010: 300/REC

Future RECs will be based on market conditions







Equipment Requirements Systems 6 kW or more require an additional meter





Installation Requirements Must be interconnected to the Duke Energy Ohio grid

Must comply with Duke energy's net metering requirements
Must comply with Duke energy's net metering requirements





Ownership of Renewable Energy Credits Duke Energy Ohio purchases RECs from customer







Terms System must be registered with the Public Utilities Commission of Ohio

Customer must establish an account with GATS or M-RETS
Customer must sign a 15-year purchase agreement with Duke energy by Dec. 31, 2012

Program Administrator Duke Energy Ohio
Website http://www.duke-energy.com/ohio/renewable-energy/srec.asp
Date added to DSIRE 2012-02-08
Last DSIRE Review 2014-10-03



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Note: In order to participate in this program, customers must have signed an agreement by December 31, 2012. Check the program web site above for information regarding future solicitations.


Duke Energy Ohio offers the Solar Renewable Energy Credits program to residential customers in Ohio that install solar photovoltaic (PV) systems on their homes. One solar renewable energy credit (SREC) is created when a PV system generates one megawatt (MW) of electricity. The prices are set by market conditions for the year in which the REC was created. The price for RECs in 2010 was $300.


In order to qualify for the program, a customer must register the facility with the Public Utilities Commission of Ohio and establish an account with either the Generating Attributes Tracking System (GATS) or the Midwest Renewable Energy Tracking System (M-RETS). Eligible customers must sign a 15-year purchase agreement with Duke Energy by December 31, 2012 and sign an interconnection agreement with the company. PV systems comply with the standard net-metering requirements of Duke Energy's net metering program, and systems 6 kilowatts (kW) or larger require an additional meter.


Once a customer signs a purchase contract with Duke Energy, RECs will be certified by the tracking company after December 31 of each year. The customer must then transfer the RECs and forward an invoice directly to Duke Energy on or before February 15 in order to receive payment.


Incentive Contact

Contact Name Duke Energy Ohio - SRECs
Department Duke Energy
Division Solar Renewable Energy Credits Program




Phone (800) 979-9144


Email solar@duke-energy.com

     
     


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"