Utilizing SRECs to Maximize the ROI of Solar Energy Projects


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Yuri Horwitz, President and CEO of Sol Systems Company, shares his expertise of the Solar Renewable Energy Credits market (SRECs). SRECs are an incentive that allow homeowners, businesses and utilities that are generating solar electricity to monetize the added environmental and energy benefits of solar renewable energy.

SRECs can be bought, sold and traded on the market and in the forward market and allow the solar energy industry to compete competitively in developing renewable energy markets.

This presentation was given December 4, 2009 at the Solar Energy Focus Conference: Fall 2009 hosted by the Maryland, DC, Virginia Solar Energy Industries Association (MDV-SEIA) in Gaithersburg, MD.

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Utilizing SRECs to Maximize the ROI of Solar Energy Projects

  1. 1. Utilizing SRECs to Maximize the ROI of Solar Energy Projects Yuri Horwitz Founder and CEO Sol Systems, LLC Solar Energy Focus Conference December 4, 2009
  2. 2. Sol Systems • The Nation’s Oldest and Largest SREC Aggregator Let’s Make • An Innovator in Solar Energy Solar Simple TM Finance and Development • A Trusted Partner to Over 400 Homeowners and Businesses and 40 Installers and Developers
  3. 3. What are Solar Renewable Energy Credits (SRECs)? • Environmental attributes associated with 1 megawatt hour of solar electricity • Tradable commodities • Source of income for solar project owners • Compliance mechanism for utilities in states with a Renewable Portfolio Standard
  4. 4. RPS Policies with Solar Carve-Outs December 2009 WA: double credit for DG NH: 0.3% solar-electric by 2014 OR: 20 MW solar PV by 2020; double credit for PV MI: triple credit for solar MA: TBD NY: 0.1312% customer-sited NV: 1.5% solar by 2025; OH: 0.5% solar- by 2013 2.4 to 2.45 multiplier for PV CO: 0.8% solar-electric electric by 2025 by 2020 NJ: 2.12% solar-electric by 2021 IL: 1.5% solar PV UT: 2.4 multiplier by 2025 PA: 0.5% solar PV by 2020 WV: various for solar multipliers DE: 2.005% solar PV by 2019; triple credit for PV not counted AZ: 4.5% DG by 2025 MO: 0.3% solar-electric toward solar carve-out by 2021 NC: 0.2% solar MD: 2% solar-electric in 2022 by 2018 NM: 4% solar-electric by 2020 DC: 0.4% solar by 2020; 0.6% DG by 2020 1.1 multiplier for solar TX: double credit for non-wind (Non-wind goal: 500 MW) 16 states & DC have a RPS with State renewable portfolio standard with solar / distributed generation (DG) provision solar/distributed State renewable portfolio goal with solar / distributed generation provision generation Information from www.dsireusa.org
  5. 5. SREC Market Drivers SREC SREC SUPPLY DEMAND Residential /Commercial Solar Systems Energy Suppliers in RPS States Needs Needs 1.Long-Term SREC Sale to Finance System 1.Low Transaction Costs 2.Registration to Produce SRECs 2.Stable SREC Supply and Price 3.Education Regarding RPS Programs 3.Trusted Counterparty Solutions 1.Long-term SREC financing Solutions 2.Registration services 1.Transaction Expertise 3.Education services and materials 2.Multi-state SREC portfolios 3.Trusted counterparty
  6. 6. Value of SRECs Solar Renewable Energy Credits (SRECs) 36% The ability to reliable monetize SRECs is essential to solar project finance.
  7. 7. Yuri Horwitz 888-235-1538 info@solsystemscompany.com www.solsystemscompany.com