September 13, 2021
Visual Primer: Solar Credit Markets Evolve as States Revisit Incentive Programs
Amid price declines and more ambitious renewable energy goals, states turn to SRECs as a key tool in helping the solar industry thrive.
The expansion of renewable portfolio standards (RPS) has prompted several states to reshape their solar incentive programs. The market for solar renewable energy certificates (SRECs) is driven by solar carve-outs in RPS programs, which require utilities to procure a certain percentage of their electricity from renewable resources.