Virginia

Virginia

Overview

The Commonwealth has a portfolio standard goal. Virginia also allows multipliers for certain types of technology.

  • Two credits are received for each MWh of electricity generated from a wind or solar facility.
  • Three credits are received for each MWh of electricity generated from an offshore wind farm.

Geographic Eligibility

Electricity must be generated or purchased in Virginia or in the PJM service territory

Reporting Year

January 1 through December 31

Banking

Excess RECs acquired during an RPS goal period can be applied to any future RPS goal.

Solar Requirement

None

Renewable Energy Sources

Tier I alternative energy sources:

  • Solar
  • Wind power
  • Geothermal energy
  • Hydropower
  • Wave
  • Tidal
  • Biomass energy
  • Research and development expenses related to renewable energy can meet up to 20% of the renewable energy goal, as of the effective date of SB413 (2012).
RPS Percentages
Reporting Year Target (% of 2007 Sales)
2010 4.0%
2011 4.0%
2012 4.0%
2013 4.0%
2014 4.0%
2015 4.0%
2016 7.0%
2017 7.0%
2018 7.0%
2019 7.0%
2020 7.0%
2021 7.0%
2022 12.0%
2023 12.0%
2024 12.0%
2025 15.0%

Alternative Compliance Payments

None