New Hampshire grants RPS credit to biomass thermal
New Hampshire is the first state to grant full credit to renewable thermal projects under a renewable portfolio standard (RPS). The state’s RPS requires electricity providers to deliver 23.8 percent renewable electricity to customers by 2025, and grants renewable energy credits (RECs) on a four-category classification system. Under a new state law, thermal renewable is granted RECs up to $29 per megawatt-hour of usable thermal energy produced by qualifying projects. Some examples of qualifying projects include wood or wood pellet boilers heating commercial or institutional buildings. Washington, D.C., and 28 states have developed RPS programs, but only eight currently have limited thermal provisions, which are generally narrowly restricted. More states, such as Vermont, Maryland and Massachusetts, are considering expanding their RPS programs to include thermal.