SOLAR

Collaboration Capital

Community Renewable Energy Act of 2013 Community Energy Generating Facilities cannot be larger than 5 MW in capacity There can be as few as 2 subscribers to the power produced from eligible facilities Subscriptions cannot be for more than 120% of the subscriber’s 12 month electricity usage Subscriber accounts can only be adjusted once a month Utilities (Pepco) may be able to require all subscribers to be on the same billing cycle The owner(s) of the Community Energy Generating Facility owns the rights to SRECs produced from the power <a href=""> Read More...

Community Renewable Energy Act of 2013

  • Community Energy Generating Facilities cannot be larger than 5 MW in capacity
  • There can be as few as 2 subscribers to the power produced from eligible facilities
  • Subscriptions cannot be for more than 120% of the subscriber’s 12 month electricity usage
  • Subscriber accounts can only be adjusted once a month
  • Utilities (Pepco) may be able to require all subscribers to be on the same billing cycle
  • The owner(s) of the Community Energy Generating Facility owns the rights to SRECs produced from the power
  • Power production will be tracked by a production meter installed by the Community Energy Generating Facility owner
  • In months where subscribers receive credit for more power than they consume the excess power will be credited towards the next month’s electric bill
  • Excess power credits at the end of the annual cycle (ends in April of each year) will be lost and reallocated to rate payers eligible for the District’s Low Income Housing Energy Assistance Program (LIHEAP)
  • Requires adoption of the Interstate Renewable Energy Council (IREC) interconnection standards within 6 months of the bill’s passage.
  • The District Department of Energy and the District Sustainable Energy Utility are required to develop a proposal within 6 months for an equitable and creative program for financing community net metering projects.

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