NRS701B.290. Issuance of portfolio energy credits. [Effective through December 31, 2025.]

      1.  After a participant installs a solar energy system included in the Solar Program, the Commission shall issue portfolio energy credits for use within the system of portfolio energy credits adopted by the Commission pursuant to NRS 704.7821 and 704.78213.

      2.  The Commission shall designate the portfolio energy credits issued pursuant to this section as portfolio energy credits generated, acquired or saved from solar renewable energy systems for the purposes of the portfolio standard.

      3.  All portfolio energy credits issued for a solar energy system installed pursuant to the Solar Program must be assigned to and become the property of the utility administering the Program.

      (Added to NRS by 2007, 2972; A 2009, 991; R 2011, 2563; R 2013, 3347, effective January 1, 2026)