REP Energy Policy & Regulatory Compliance 2

Question 1

Which federal agency administers the Production Tax Credit (PTC) for renewable energy projects?

Accepted Answer

Internal Revenue Service (IRS)

Answer

The IRS administers the PTC, which provides a per-kilowatt-hour tax credit for electricity generated from qualified renewable sources.

Question 2

Under the Clean Air Act, which provision specifically requires power plants to obtain permits for greenhouse gas emissions above a certain threshold?

Accepted Answer

Prevention of Significant Deterioration (PSD)

Answer

The PSD program requires major new or modified stationary sources, including power plants, to obtain pre-construction permits and apply Best Available Control Technology.

Question 3

What is the primary purpose of a Renewable Portfolio Standard (RPS) with a 'carve-out' provision?

Accepted Answer

To set a minimum percentage requirement for a specific technology like solar

Answer

A carve-out within an RPS mandates that a specific portion of the overall renewable requirement must be met by a particular technology, commonly solar.

Question 4

Which interconnection process under FERC Order 2003 applies to large generators seeking to connect to the transmission grid?

Accepted Answer

Large Generator Interconnection Procedures (LGIP)

Answer

FERC Order 2003 established the LGIP for generators greater than 20 MW seeking transmission-level interconnection.

Question 5

A developer's wind project qualifies for the Investment Tax Credit (ITC). What does 'commence construction' typically require to lock in the credit rate?

Accepted Answer

Beginning physical work of a significant nature or incurring 5% of total project costs

Answer

IRS guidance allows projects to lock in the ITC rate by either starting physical work of a significant nature or incurring at least 5% of total project costs.

(REP) Certified Renewable Energy Professional Practice Test

(REP) Certified Renewable Energy Professional Practice Test

REP Energy Policy & Regulatory Compliance 2