What are the required parameters?
- 2 MW and larger (Commercial, industrial or utility-scale)
- In front of the meter (direct feed to grid)
- Existing or new
Who owns the environmental benefits?
NZA must acquire the environmental benefits to allow for the aggregation and sale of the carbon credits.
How long can carbon credits be produced from renewable assets?
Carbon credit production continues for the life of the field. (Typically 15-30 years)
Comparison to Renewable Energy Credits
Most owners of renewable energy installations are familiar with Renewable Energy Credits (REC), so let’s compare the REC revenue model to the Carbon Credit revenue model. The table below shows what the price of each carbon credit would have to be to meet the revenue model of RECs at various price points.