Solar Renewable Energy Credits
ABLE1
Assume that I have a friend that has a new solar array installed with a
total of 90 panels. It is a 20kw system. He indicates that he is projected
to get 25 sREC's per?? Solar Renewable Energy Credits
Is there a market??
What is there value range??
Who would be the buyer(s)??
What does it take to broker these sREC's??
Looking for some insight on this REC thing. If this is the wrong place to
ask the above please let me know. And if there is a better site or forum
for these questions I would appreciate on knowing that as well.
Thanks in advance.
Les
Josepi
"ABLE1" <royboy...@somewhere.net> wrote in message
news:VhnAo.309295$Bh.1...@en-nntp-12.dc1.easynews.com...
ABLE1
> Is this in Spain?
>
>
No it is not in Spain..................
North East U.S.
Thanks for asking.
Les
Josepi
"ABLE1" <royboy...@somewhere.net> wrote in message
news:qSoAo.103901$Ph5....@en-nntp-07.dc1.easynews.com...
No it is not in Spain..................
North East U.S.
Thanks for asking.
> Is this in Spain?
>
>
--
More
T. Keating
http://www.irs.gov/newsroom/article/0,,id=177051,00.html
One should also check out the actual Form you must file to claim the
tax credits..
http://www.irs.gov/pub/irs-pdf/f5695.pdf
"Residential Energy Efficient Property Credit
You may be able to take a credit of 30% of your costs of qualified
solar electric property, solar water heating property, small wind
energy property, geothermal heat pump property, and fuel cell
property. This includes labor costs properly allocable to the onsite
preparation, assembly, or original installation of the property and
for piping or wiring to interconnect such property to the home. The
credit amount for costs paid for qualified fuel cell property is
limited to $500 for each one-half kilowatt of capacity of the
property."
"Qualified solar electric property costs. Qualified solar electric
property costs are costs for property that uses solar energy to
generate electricity for use in your home located in the United
States. This includes costs relating to a solar panel or other
property installed as a roof or a portion of a roof. The home does not
have to be your main home."
To me mounting on a roof is a huge drawback.. Fixed panel mounting on
roof is a low yield solution. First it compromises roofing system(new
roof might be needed). Second PV really needs to track the sun and
adjust for seasonal angles to maximize output.. I.E Solar tree
(which is not qualified)...
And the tax credit is limited to $1000 per KW of PV+Inverter(system)
rating.
Also Note the final credit goes on line 52 of 1040 form..
I.E.. It can only be used to offset Federal income taxes that were
paid(withheld) or still owed to federal government for that tax year.
(SS/medicare payroll taxes can not be offset).
====
This post obviously does not address any state credits or rebates you
might be entitled too..
stevey
experience.
A unit of R.E.C. comes from 1MWh of energy produced by renewable
means.
I think large entities --solar contractor-aggregators, utilities or
industrial polluters
use it to offset their carbon footprint, or damage to the
environment, or cash.
On Nov 4, 6:21 am, T. Keating <tkuse...@ktcnslt.com> wrote:
> On Wed, 3 Nov 2010 22:27:31 -0400, "ABLE1"
>
>
>
>
>
> <royboynos...@somewhere.net> wrote:
>
> >> "ABLE1" <royboynos...@somewhere.net> wrote in message
T. Keating
<scy...@wattminder.com> wrote:
>I understand from reading things in the web, not from first hand
>experience.
>A unit of R.E.C. comes from 1MWh of energy produced by renewable
>means.
>I think large entities --solar contractor-aggregators, utilities or
>industrial polluters
> use it to offset their carbon footprint, or damage to the
>environment, or cash.
>
>On Nov 4, 6:21 am, T. Keating <tkuse...@ktcnslt.com> wrote:
>> On Wed, 3 Nov 2010 22:27:31 -0400, "ABLE1"
>>
>>
>>
>>
>>
>> <royboynos...@somewhere.net> wrote:
>>
>> >> "ABLE1" <royboynos...@somewhere.net> wrote in message
>> >>news:VhnAo.309295$Bh.1...@en-nntp-12.dc1.easynews.com...
>> >> A hypothetical questions:
>>
>> >> Assume that I have a friend that has a new solar array installed with a
>> >> total of 90 panels. It is a 20kw system. He indicates that he is
>> >> projected
>> >> to get 25 sREC's per?? Solar Renewable Energy Credits
>>
>> >> Is there a market??
>>
>> >> What is there value range??
>>
>> >> Who would be the buyer(s)??
>>
>> >> What does it take to broker these sREC's??
http://en.wikipedia.org/wiki/Renewable_Energy_Certificates
Which is unrelated to actual federal or state credits/rebates...
check out external links on the above link.
Tom Weiss - Solar Sherpa
You can start here... http://www.flettexchange.com/
Look at the various state links down the left side of the page.
Clicking on a state will bring up a graph of the sale prices of the
SRECs.
SRECs are state-specific at this point, so the value of them varies
quite a bit. They're also based on the Energy Year they're produced,
so the value of one produced today will typically be higher than the
value of one produced in 5 years.
A couple key terms that play into the value of SRECs:
RPS - Renewable Portfolio Standard http://en.wikipedia.org/wiki/Renewable_Portfolio_Standard
ACP - Alternate Compliance Payment
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=NJ05R&re=1&ee=1
Let me know if you have any more questions, and I'll do my best to
help out.