com/calendar.cfmWe are interested in installing a solar project on our premises. How can the SREC-Based Financing Program help us with securing the capital to fund the Project?
The SREC-Based Financing Program (“Program”) is not a loan program and does not provide payments specifically to offset the cost of the installation of solar panels. Rather, each EDC (ACE, JCP&L, and RECO) is contracting through this Program to purchase Solar Renewable Energy Certificates (“SRECs”) from solar projects. This, in turn, provides a stable revenue stream to facilitate independent financing through loans or other financing mechanisms for renewable projects development and installation. Each EDC only contracts for the purchase of SRECs for the term of the SREC Purchase and Sale Agreement, and not for energy or capacity. Proponents do not submit to the Solicitation Manager their financing arrangements as part of their Proposals. Financing arrangements are not part of the evaluation for the Projects. Thus, we do not have direct knowledge of financial institutions that provide financing on the basis of the SREC-Based Financing Program. Please consult the Calendar section of our
