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Renewable Energy Solutions for Green Chemistry > Business Infrastructure > Funding of Alternative Energy

Solar Energy in Renewable Portfolio Standards

The IREC declared that the most significant trend during the September 2008 - September 2009 period is a continued emphasis on solar energy in recent RPS adoptions and changes. Eleven states enacted or significantly modified standards; of those, seven states and DC included new provisions specific to solar energy.

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In addition, five states made minor adjustments to their policies, of which two involved solar provisions.
  • Missouri replaced (via ballot initiative) an existing renewables goal of 11% by 2020 with a standard of 15% by 2021, and included a provision mandating that at least 2% of the requirement come from solar energy (equivalent to 0.3% of retail sales in 2021).
  • Illinois expanded its RPS to cover competitive sales and adopted a solar carve-out of 6% of the annual requirement from 2015 - 2025.
  • And, in September 2009, California extended its RPS to 33% by 2020, via executive order.
  • Both Oregon and Rhode Island adopted provisions relating to long-term contracts for solar energy resources, coupled with targets for solar that are outside the scope of each state's existing RPS.
  • New Jersey approved long-awaited utility-administered solar renewable energy credit (SREC) contracting programs in connection with its existing solar carve-out.
SOURCE:  2009 IREC Annual Report


Edited by Carolyn Allen, Managing Editor of Solutions For Green

Publication Date: 11/22/2009
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