Ohio SREC Market
The Ohio market is divided between in- state and out-of-state sited systems. Under the RPS rules, at least 50% of the solar requirements must come from in-state sited systems. Under current market conditions, a substantial number of systems from PA and other bordering states without SREC markets look to OH to sell SRECs. This has lead to a division of markets which trade differently from one another. Look to PA for a comparison to the out-of-state OH market.
Pricing:
SREC Auction - Auction closing prices history
News:
Ohio Blog - Starting point for useful information regarding the Ohio SREC market
Other States in which Ohio facilities are eligible:
Pennsylvania
States eligible for OH Market: Only solar photovoltaic installations in Ohio and bordering states are eligible for OH SRECs (IN, KY, WV, PA, MI). 50% of the SRECs must be generated by in-state resources.
Energy Year: January 1 to December 31
Tracking Platform: GATS or MISO
Meter Readings: All generators must provide readings for SREC generation
SREC Useful Life: 5 years - a 2010 SREC can be counted towards any RPS from 2010-2014
Solar Requirement: Reaching 0.50% of total electricty generated in 2024
SACP: Declining $50 bi-annually to a minimum of $50 in 2024
Meter Readings: Must report generation from revenue grade meters. If the system is less than or equal to 6kW, generation can be reported from an inverter meter.
Eligibility Begins: Date of final approval of application
NOTE: Ohio goes back to the interconnection date if 1) they are already set up in GATS 2) they have been using an online monitoring system the entire time and can provide a report of generation. This rule went into effect in April 2010.
Before April 2010 you could go back to interconnection date with no questions asked.
Energy Year
|
RPS Solar Requirement |
Projected SRECs Required (MWh) |
Projected Capacity Required (MW) |
SACP |
|
2009 |
0.004% |
5,852 |
4.9 |
$450 |
|
2010 |
0.01% |
15,415 |
12.8 |
$400 |
|
2011 |
0.03% |
46,424 |
38.7 |
$400 |
|
2012 |
0.06% |
94,241 |
78.5 |
$350 |
|
2013 |
0.09% |
143,481 |
119.6 |
$350 |
|
2014 |
0.12% |
194,178 |
161.8 |
$300 |
|
2015 |
0.15% |
246,363 |
205.3 |
$300 |
|
2016 |
0.18% |
300,070 |
250.1 |
$250 |
|
2017 |
0.22% |
372,254 |
310.2 |
$250 |
|
2018 |
0.26% |
446,535 |
372.1 |
$200 |
|
2019 |
0.30% |
522,962 |
435.8 |
$200 |
|
2020 |
0.34% |
601,580 |
501.3 |
$150 |
|
2021 |
0.38% |
682,440 |
568.7 |
$150 |
|
2022 |
0.42% |
765,590 |
638.0 |
$100 |
|
2023 |
0.46% |
851,081 |
709.2 |
$100 |
|
2024 |
0.50% |
938,964 |
782.5 |
$50 |
|
2025 |
0.50% |
953,048 |
794,2 |
$50 |
|
2026 |
0.50% |
967,344 |
806.1 |
$50 |
|
2027 |
0.50% |
981,854 |
818.2 |
$50 |
|
2028 |
0.50% |
996,582 |
830.5 |
$50 |
Source: EIA Report "Retail Sales of Electricity by State by Provider" updated 10/1/12. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% growth rate per forecast year. RPS Solar Requirement is multiplied by forecast total electricity sales to arrive at Projected SRECs Required. Projected Capacity Required is based on a factor of 1,200 MWh generated per MW of installed capacity per year. Projected Capacity Required assumes the amount of capacity needed to be operational all year to meet that year's RPS requirements with only current vintage SRECs.
Useful Links:
Ohio Client Forms - All the forms necessary to sign up for SRECTrade's EasyREC service
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling SRECs
Registering in Ohio - Application details from Ohio PUCO
DSIRE: Ohio RPS - Details on the Renewable Portfolio Standard
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