No SRECs in New York yet

I’ve mentioned Solar Renewable Energy Credits in previous posts and comments. It’s a great way to shorten the payback period for solar producers and encourage more solar production. Also encourages power companies to purchase more renewable energy from the little guy.

But it requires each state to pass legislation to authorize an SREC market in the state. Several states around us have SREC markets. New York had a bill that did not get voted on this session. Looks like it will be another year before it comes up for consideration again.

Maybe next year.

2 Responses to “No SRECs in New York yet”

  1. 1 margaret stanton 9-April-2012 at 5:54 pm

    hi, do you have any update for this. We purchased our system in 2009 and we were under the understanding that after 3 years we would be able to start the s-rec process. thanks any help would be greatly appreciated

    • 2 Larry 9-April-2012 at 7:29 pm

      Hi Margaret, it looks like the bill is still active, but I haven’t found any other news. I follow the SREC Trade blog for anything tagged ‘New York’. This is the best source I’ve found for information on pending NY SREC legislation.

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