SREC Markets

California

Note: SB 100, signed in September 2018, increased the overall requirement from 50% to 60% by 2030. The legislation also changed some of the rules related to the use of large hydro by Publicly Owned Municipal Utilities, and adopted an additional goal of 100% of all retail sales by 2045 come from renewable energy resources and zero-carbon resources.

California’s Renewables Portfolio Standard (RPS) was originally established by legislation enacted in 2002. Subsequent amendments to the law have resulted in a requirement for California’s electric utilities to have 50% of their retail sales derived from eligible renewable energy resources by 2030. 

Eligible Technologies

Technologies eligible for the RPS include photovoltaics; solar thermal electric; wind; certain biomass resources; geothermal electric; certain hydroelectric facilities*; ocean wave, thermal and tidal energy; fuel cells using renewable fuels; landfill gas; and municipal solid waste conversion, not the direct combustion of municipal solid waste. 

Tracking Registry: WREGIS

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC