The New Jersey (NJ) Renewable Portfolio Standard (RPS) includes the most ambitious solar carve out of the U.S. states. The 2010 target of 180 gigawatt hours (GWh) of Solar Renewable Energy Credits (SRECs) is unable to be met by the 141 GWh available generation capacity since 2007.
The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30MW (34,164 MWh or SRECs), known as the 2010 Minimum Standard.
The PA Alternative Energy Portfolio Standard (AEPS) is already adequately supplied for Reporting Year (“RY”) 2011 and will likely remain long through RY 2012. Despite utility RPS exemptions expiring in January 2011, inclusion of out-of-state facilities will keep installed capacity high through 2012.