Geothermal REC programs by state
Active programs, pending legislation, and states we're monitoring.
Active Programs
Maryland
ACTIVE$94.04/credit (2024)
Dedicated geothermal carve-out for post-2022 systems. Maryland PSC reported $94.04 per credit in compliance year 2024. PJM-GATS tracking.
Learn moreVirginia
ACTIVEACP ceiling $45/MWh
SB 508 (2024). Dominion & APCo procurement required. PJM-GATS tracked. Eligible from Aug 2022.
Learn moreNew Hampshire
ACTIVE (NEPOOL)$25–$29/T-REC
First state in the US (2012). Class I Thermal. NEPOOL-GIS tracking. Systems after Jan 2013.
Learn moreMassachusetts
ACTIVE (NEPOOL)5x multiplier, up to 7x
Alternative Energy Portfolio Standard. Ground-source heat pumps receive the largest renewable thermal multiplier. Certificates tracked through NEPOOL-GIS.
Learn moreEmerging Programs
Pennsylvania
PENDING — HB 501PRESS Act proposes Tier I elevation with $35 ACP. Passed House Environment Committee June 2025. Pending Senate.
Track PA legislationStates Under Monitoring
- DCDC RPS includes geothermal electricity; thermal carve-out not yet enacted
- DelawareSmall state, follows PJM-GATS; monitoring MD/VA models
- New JerseyActive RPS with thermal interest; no active geothermal carve-out bill
- Illinois (PJM zone)PJM-territory IL systems may qualify as lower-class RECs
Emergent Energy monitors all state RPS proceedings for new GREC program developments. Register your interest and we will notify you when your state activates a program.