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Ohio

Ohio

Incentives/Policies for Renewables & Efficiency

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AEP Ohio - Renewable Energy Credit (REC) Purchase Program   

Last DSIRE Review: 07/25/2013
Program Overview:
State: Ohio
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics, Wind
Applicable Sectors: Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Fed. Government, Agricultural, Institutional
Amount:2011 Solar: $300/REC
2012-2013 Solar: $262.50/REC
2011-2013 Wind: $34/REC
Terms:RECs must be registered in the PJM-GATS
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
Web Site: https://www.aepohio.com/save/renewable/RECPurchaseProgram.aspx
Summary:

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:
  Distributed Generation Coordinator
AEP Ohio
850 Tech Center Drive
Gahanna, OH 43230
Phone: (614) 883-6775
Phone 2: (614) 883-7891
Fax: (614) 883-7915
E-Mail: dgcoordinator-ohio@aep.com
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.