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1 New Section; Renewable Portfolio Standard Eligibility and Credits; Renewable Energy Certificates. Amend RSA 362-F by inserting after section 6 the following new section:
362-F:6-a Renewable Portfolio Standard Eligibility and Credits.
I. Renewable energy systems that began operation prior to the effective date of this section shall remain eligible to enroll in the renewable portfolio standard and receive renewable energy certificates (RECs). Any additional systems that begin operation within 6 months after the effective date shall also be eligible. After that 6-month period, no new renewable energy systems shall be eligible to enroll in the renewable portfolio standard or to receive RECs.
II. For systems already qualified and receiving RECs prior to July 1, 2026:
(a) The maximum lifetime eligibility for any system to receive RECs shall be 20 years.
(b) Any system that has already received RECs for more than 15 years as of the effective date of this section shall be eligible for up to 5 additional years of REC credits.
III. On an annual basis, the department of energy shall reduce the alternative compliance payment requirements under RSA 362-F:10 annually as the number of eligible systems declines.
2 Effective Date. This act shall take effect July 1, 2026.
Text to be added highlighted in green.
1 New Section; Renewable Portfolio Standard Eligibility and Credits; Renewable Energy Certificates. Amend RSA 362-F by inserting after section 6 the following new section:
362-F:6-a Renewable Portfolio Standard Eligibility and Credits.
I. Renewable energy systems that began operation prior to the effective date of this section shall remain eligible to enroll in the renewable portfolio standard and receive renewable energy certificates (RECs). Any additional systems that begin operation within 6 months after the effective date shall also be eligible. After that 6-month period, no new renewable energy systems shall be eligible to enroll in the renewable portfolio standard or to receive RECs.
II. For systems already qualified and receiving RECs prior to July 1, 2026:
(a) The maximum lifetime eligibility for any system to receive RECs shall be 20 years.
(b) Any system that has already received RECs for more than 15 years as of the effective date of this section shall be eligible for up to 5 additional years of REC credits.
III. On an annual basis, the department of energy shall reduce the alternative compliance payment requirements under RSA 362-F:10 annually as the number of eligible systems declines.
2 Effective Date. This act shall take effect July 1, 2026.