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August 25th, 2009 The Akron Metro Regional Transit Authority (METRO RTA) has awarded a five year contract for the sale of their Solar Renewable Energy Certificates (SRECs). The agreement, adopted on August 25th, 2009 by the METRO RTA Board of Trustees, sets a fixed price of $390.00 per SREC for the next five years, through vintage year 2013. Qualified bidders were informed of the sale via legal notices advertised in the Akron Beacon Journal on July 10th and 17th, 2009. A total of five competing bids were evaluated by the METRO RTA Board of Trustees before the contract was finalized. Below is a summary of the bids received before the July 31st deadline:
| 2009 | 2010 | 2011 | 2012 | 2013 | |
| Winning Proposal | $390.00 | $390.00 | $390.00 | $390.00 | $390.00 |
| Proposal 2 | $380.00 | $340.00 | $340.00 | $311.00 | $311.00 |
| Proposal 3 | $450.00 | $311.00 | $311.00 | $311.00 | $311.00 |
| Proposal 4 | Commission based sale, no fixed price agreement. |
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| Proposal 5 | Commission based sale, no fixed price agreement. |
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The Akron Metro Regional Transit Authority, is the public transit agency serving Summit County, Ohio and the city of Akron. It operates a number of local routes, and two rush-hour routes into downtown Cleveland. The five year contract is evidence of a growning trend in the Renewable Energy Credit market toward longer term agreements. On October 22nd, 2008, in a unanimous vote, the Ohio legislature passed, and Governor Ted Strickland signed into law, Senate Bill 221 requiring 12.5% of Ohio's energy be generated from renewable sources by 2025. Ohio has followed an ever increasing list of states passing green legislation that requires electric utilities and other pollution-generating entities to implement energy efficiency programs, including alternative energy production and emmissions reduction. Below are current Renewable Portfolio Standards adopted by various states:
| State | Amount | Year |
| Arizona | 15% | 2025 |
| California | 20% | 2010 |
| Colorado | 20% | 2020 |
| Connecticut | 23% | 2020 |
| District of Columbia | 11% | 2022 |
| Delaware | 20% | 2019 |
| Florida | 20% | 2020 |
| Hawaii | 10% | 2010 |
| Iowa | 105 MW | |
| Illinois | 25% | 2025 |
| Kansas | 20% | 2020 |
| Massachusetts | 20% | 2025 |
| Maryland | 9.5% | 2022 |
| Maine | 10% | 2017 |
| Minnesota | 25% | 2025 |
| Missouri | 11% | 2020 |
| Montana | 15% | 2015 |
| New Hampshire | 23.8% | 2025 |
| New Jersey | 22.5% | 2021 |
| New Mexico | 20% | 2020 |
| Nevada | 20% | 2015 |
| New York | 24% | 2013 |
| North Carolina | 12.5% | 2021 |
| Ohio | 12.5% | 2025 |
| Oregon | 25% | 2025 |
| Pennsylvania | 18% | 2020 |
| Rhode Island | 15% | 2020 |
| Texas | 5,880 MW | 2015 |
| Utah | 20% | 2025 |
| Vermont | 10% | 2013 |
| Virginia | 12% | 2022 |
| Washington | 15% | 2020 |
| West Virginia | 25% | 2025 |
| Wisconsin | 10% | 2015 |
*Source: US Department Of Energy
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