Buyer's Guide 2024
Renewable Energy and Energy Efficiency Portfolio Standard
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Regulatory Policy
- Program Type
- Renewables Portfolio Standard
- Implementing Sector
- State
- State
- North Carolina
- Eligible Storage Technologies
- Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydrogen, Combined Heat & Power, Landfill Gas, Tidal, Wave, Yes; specific technologies not identified, Wind (Small), Hydroelectric (Small), Anaerobic Digestion
- Standard
- Investor-owned utilities: 12.5% by 2021
Electric cooperatives, municipal utilities: 10% by 2018 - Technology Minimum
- Solar: 0.2% by 2018
Swine Waste: 0.2% by 2020
Poultry Waste: 900,000 MWh by 2016 - Compliance Multipliers
- Triple credit for RECs generated by the first 20 MW of a biomass facility located at a "cleanfields renewable energy demonstration park"
- REC Lifetime
- RECs must be purchased within three years of their generation, and must be retired within seven years from when their cost was recovered
- Credit Trading/Tracking System
- Yes (NC-RETS)
- Alternative Compliance Payment
- None stated. The Commission may assess penalties if utilities fail to comply.
- Applicable Sectors
- Investor-Owned Utility, Municipal Utilities, Cooperative Utilities
- Last Updated
- 05/20/2021
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