Saturday, May 14, 2011

SREC Credits Are Dropping In Value

The solar industry and its customers are currently experiencing a dramatic drop in the price of solar credits due to the lack of market demand for solar credits. This situation is getting worse and it is not going to improve for the next few years because the number of solar credits utilities need to comply with the law is set too low for the number of projects currently in operation or planned. The result is there is virtually no market for Pennsylvania SRECs.

Four things you can do to help today!

1. Contact your House Member now and ask him/her to co-sponsor Representative Chris Ross’ bill to fix the solar requirement. The bill provides an easy “bridge” solution by adjusting the requirement in years 2012-2015 and restricting out of state projects so that Pennsylvania ratepayers would have to pay for out of state development of solar. If you are not sure who your Representatives are, it’s easy to find out: go at www.legis.state.pa.us – in the upper right hand corner, enter your zip code and you will see their contact information.

2. Stay on top of developments and participate by joining PASEIA or contributing to the saving solar campaign . Go to: www.mseia.org and click on the PA state icon for information.

3. Come to Harrisburg for the launch of our legislative campaign on May 24th. Press conference at the capitol at 10AM followed by visits to legislative offices. This is a key event to show businesses and the public are interested in seeing this problem fixed.

4. Plan to be an active participant on this issue until the legislator’s adjoin for the summer (around June 30)

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