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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 (including 0.20 percent from solar; 0.20 percent from swine waste; and 900,000 megawatt-hours from poultry waste). Municipal utilities and electric cooperatives must meet a target of 10 percent renewables by 2018 and are subject to slightly different rules. Eligible resources include solar-electric, 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 2021, 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 or energy efficiency to satisfy the standard, and may use large hydropower to meet up to 30% of the renewable energy requirement. 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% of the portfolio standard.
Start Date 1/1/2008
End Date

 

Minimum Efficiency (%)

 

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. SB 960, enacted in August 2009, requires the NCUC to develop, implement, and maintain an online tracking platform to verify the compliance of the utilities and to facilitate the establishment of a market for the purchase and sale of renewable energy certificates. The NCUC must develop this platform by July 1, 2010 at the latest. Utilities may recover the incremental cost of renewable resources and up to $1 million in alternative energy research expenditures annually from customers; however, the cost per customer account is capped based on a schedule provided in the final rules.
Web Site http://ncuc.commerce.state.nc.us/cgi-bin/webview/
senddoc.pgm?dispfmt=&itype=Q&authorization=&parm2=SAAAAA06080B&parm3=000127195Exit EPA
Additional Web Site http://www.dsireusa.org/library/includes/
incentive2.cfm?Incentive_Code=NC09R&state=NC&CurrentPageID=1&RE=1&EE=1Exit EPA
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

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