New York SRECs?

Posted December 15th, 2009 by SRECTrade.

You may have noticed a recent post in our blog suggesting that solar generators based in New York can register their system to sell SRECs in DC.  This information came to us by way of the DC Public Service Commission when we first began registering Delaware systems in DC.  We checked the GATS database and have confirmed that there is a precedent for a NY-based system that is eligible to generate and sell SRECs in the DC market.  Though we have yet to confirm this with a NY-based SRECTrade customer, we have a few projects that are currently applying for eligibility in DC and will keep you posted on our progress.

The caveat to this is that if you are a New York resident that took advantage of the NYSERDA state rebate, then you have forfeited your SRECs to NYSERDA for the first three years that the system was installed.  Therefore, the DC market (and perhaps other markets in the future) will not be available to most solar generators in New York until they have been generating for at least three years.

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