MD General Assembly Passes Bill to Boost Solar RPS

Posted on April 14, 2010. Filed under: News | Tags: , , , |

Early this week, the Maryland General Assembly passed the bill supported by Governor O’Malley to ramp up the state’s  Solar Renewable Portfolio Standards (RPS). Under the renewable portfolio standard law that was passed in Maryland in 2007, utilities have to supply a certain amount of their energy from solar and other renewables or pay an Alternative Compliance Payment (ACP). The bill that passed earlier this week will increase the solar carve out of the RPS to .5% by 2016. It will also maintain a $400 ACP through 2014 (in the original legislation the ACP decline gradually to $250 by 2014).

The higher ACP is good news for those considering solar installations as they will be able to recieve more money for their Solar Renewable Energy Credits and reduce the payback time on this investment!

Advertisements

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

2 Responses to “MD General Assembly Passes Bill to Boost Solar RPS”

RSS Feed for Clean Currently Comments RSS Feed

Does this mean that current home solar owners will be getting more for their RECs than we expected?

Yes! With the $400 ACP extending until 2014, you will continue to get 80% of this for the length of your contract! So thats great news!


Where's The Comment Form?

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: