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Funding Resources
Funding Resources
| NV Portfolio Energy Credits | |
|---|---|
| Type of Incentive | Rebate |
| Eligible States | NV |
| Eligible Utility | Nevada Power and Sierra Pacific Power |
| 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 | Nevada's Energy Portfolio Standard requires the state's two investor-owned utilities, Nevada Power and Sierra Pacific Power, to derive or save a minimum percentage of the electricity they sell from renewable energy resources or energy efficiency measures. Included in the standard is a Portfolio Energy Credit (PEC) trading program. Beginning January 1, 2003, Nevada's renewable energy producers can earn PECs, which can then be sold to utilities that are required to meet Nevada's portfolio standard. One PEC represents one kilowatt-hour of electricity generated, with the exception of photovoltaics, for which 2.4 PECs are credited for each kilowatt-hour generated. Customer-maintained distributed renewable energy systems receive a 0.05 adder for each kilowatt-hour generated. Energy efficiency resources receive a multiplier of 1.05, and a multiplier of 2.0 if they save electricity during periods of peak utility load. Each kilowatt-hour of electricity generated by eligible waste tire facilities is credited at 0.7. |
| Start Date | 1/1/2003 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | In order to participate, owners of renewable energy systems must contact the Public Utilities Commission of Nevada (PUCN) to register their system. A very simple application form is available on the PUCN web site. The value of a PEC is market-driven. PECs issued to a renewable energy system owner by the PUCN are valid for four years. * This program has no specified end date. |
| Web Site | http://pucweb1.state.nv.us/PUCN/RenewableEnergy.aspx?AspxAutoDetectCookieSupport=1 |
| Additional Web Site | http://pucweb1.state.nv.us/PUCN/(X(1)S(1nkf53452zyms0zy1ufxcd45))/Renewable/ RegisterRenewableSystem.aspx |
| Primary Contact | Anne-Marie Cuneo 1150 East William Street Carson City, NV 89701 U.S.A. Anne-Marie Cuneo (amcuneo@puc.state.nv.us) (775) 684-6135 (775) 687-6120 |