The SEU SREC Purchase Program has a total budget of $3,750,000 available for SREC purchases. The program application has two parts, one to be completed before construction and one to be completed post-construction. Submitting a Part 1 application demonstrates one’s interest in the program, but does not secure an SREC purchase by the SEU. Funds are not reserved for a facility with a Part 1 application. Funding will only be allocated to a facility once Part 2 of the application has been submitted. All Part 2 applications will be reviewed and approved in the order they are submitted.
The chart below depicts the current fund availability of the SEU Upfront Purchase Program. The chart as a whole represents the $3,750,000 budget of the program.
The orange section of the pie chart represents the money that has already been allocated to approved systems. As of September 6, 2016 about 63.6% of the program funds have been allocated.
The blue section of the chart represents the funds that have been requested through a Part 1 application to the program. This is about 25.9% of the program funds.
The red section represents the remaining funds that have not been allocated to approved systems or requested through a part 1 application. This is about 10.5% of the program funds.