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Funding Resources
Funding Resources
| NC Renewable and Energy Efficiency Portfolio Std. | |
|---|---|
| Type of Incentive | Environmental Regulations |
| Eligible States | NC |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery |
| Eligible Project Size | All (MW) |
| Critical Information | North Carolina established a Renewable Energy and Energy Efficiency Portfolio Standard (REPS) in August 2007. Investor-owned utilities in the state must supply 12.5 percent of 2020 retail electricity sales (in North Carolina) from eligible energy resources by 2021. Municipal utilities and electric cooperatives must meet a target of 10 percent renewables by 2018 and are subject to slightly different rules. There are separate targets for generation from solar, swine waste, and poultry waste. By 2021, 0.20 percent of electricity must come from solar; 0.20 percent from swine waste; and 900,000 megawatt-hours from poultry waste. Eligible resources include: solar-electric (photovoltaics), solar thermal, wind, hydropower up to 10 megawatts (MW), ocean current or wave energy, biomass that uses Best Available Control Technology (BACT) for air emissions, landfill gas, waste heat from renewables, and hydrogen derived from renewables. Up to 25 percent of the requirements may be met through energy efficiency technologies, including CHP systems powered by non-renewable fuels. After 2018, up to 40 percent of the standard may be met through energy efficiency. Electric cooperatives and municipal utilities are permitted to use demand-side management (in addition to energy efficiency) to satisfy up to 25 percent of the standard. Utilities demonstrate compliance by procuring renewable energy credits (RECs) earned after January 1, 2008. Under North Carolina Utilities Commission (NCUC) rules, a REC is equivalent to 1 MWh of renewable energy generation, but the law explicitly states that RECs do not include credit for emissions reductions from oxides of sulfur and nitrogen, mercury, or carbon dioxide. Excess RECs may be applied to the next year's compliance target. Utilities may use unbundled RECs from out-of-state renewable energy facilities to meet up to 25 percent of the portfolio standard. |
| Start Date | 1/1/2008 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | In its February 2008 rules, the North Carolina Utilities Commission (NCUC) decided to pursue a third-party tracking system to track the creation, ownership and retirement of RECs. However, the NCUC declined to develop or require participation in a REC-trading platform. |
| Web Site | http://ncuc.commerce.state.nc.us/cgi-bin/webview/ senddoc.pgm?dispfmt=&itype=Q&authorization=&parm2=SAAAAA06080B&parm3=000127195  |
| Additional Web Site | http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=NC09R&state=NC&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact | Sam Watson 430 North Salisbury Street Dobbs Building Raleigh, NC 27603-5918 U.S.A. Sam Watson (swatson@ncuc.net) (919) 715-7057 |