Monday, March 15, 2010

A New Incentive for Solar in California: Tradable Renewable-Energy Credits

A New Incentive for Solar in California: Tradable Renewable-Energy Credits: "Published March 14, 2010
California homeowners and small-business owners who install solar-electric systems may soon start to receive an additional reward that could be worth hundreds of dollars a year.
The California Public Utilities Commission has authorized the use of tradable renewable-energy credits as an incentive for increased adoption of rooftop solar photovoltaic electricity.
Renewable-energy credits are certificates that represent the value of a specific amount of renewable electricity that has been generated, and are typically amassed in units that represent 1 megawatt-hour of electricity, equivalent to 1,000 kilowatt-hours."

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