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Ohio

Ohio

Incentives/Policies for Renewables & Efficiency

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Duke Energy - Solar Renewable Energy Credits Program   

Last DSIRE Review: 01/11/2013
Program Overview:
State: Ohio
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Residential
Amount:RECs produced in 2010: $300/REC
Future RECs will be based on market conditions
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
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
Ownership of Renewable Energy Credits:Duke Energy Ohio purchases RECs from customer
Web Site: http://www.duke-energy.com/ohio/renewable-energy/srec.asp
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.


 
Contact:
  Duke Energy Ohio - SRECs
Duke Energy
Solar Renewable Energy Credits Program
Phone: (800) 979-9144
E-Mail: solar@duke-energy.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.