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A MD PhotoVoltaic System Net Metering Financial Payback Model

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Posted by Neo on July 8, 2010, 12:22 am

A Net Metering example for the State of Maryland.

Maryland Wind Power Electricity Provider, Clean Currents[1],
will purchase Solar Renewable Energy Credits (SRECs) that
are produced within the state of Maryland.  Payment is based
on One (1) SREC = 1000 KWh of electricity generated by
the  PV system. Clean current exchange pays 69% yearly
at a rate specified by  the Maryland Alternative Compliance
Payment Schedule (ACP). In 2010, the ACP/SREC is $00,
so Clean Current would pay 69% of the ACP/SREC which
would be $92 for each 1000kwh produced and transmitted
through net metering to Clean Current. Clean Current
and the PV system owner would enter a two year
contract inwhich, at the end of each year, Clean Current
would payout the PV system's owner for each SREC the
PV system generated.


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