Collaboration Capital

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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…

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