California ERC Market · By Pollutant

NOx Emission Reduction Credits in California

Recorded prices, banked inventory by district, and a direct line to the holders — in one place.

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Why NOx credits matter

NOx is the most demanded offset pollutant in California — it drives ozone formation, and New Source Review permits in ozone nonattainment areas (San Joaquin Valley and South Coast are classified Extreme; Sacramento Metro is Serious) carry binding NOx offset requirements at ratios up to 1.5-to-1.

What NOx ERCs sold for — recorded 2023 prices (CARB)

DistrictMedian $/tonLowHigh
Imperial County APCD$2,500$2,000$3,098.35
Yolo-Solano AQMD$37,800$37,800$37,800
Feather River AQMD$30,000$30,000$30,000
South Coast AQMD$400,000$380,000$420,000
Bay Area AQMD$29,000$23,235.72$29,090
San Joaquin Valley APCD$13,750$9,500$18,000
Santa Barbara County APCD$125,000$125,000$125,000
Ventura County APCD$65,000$65,000$65,000

Source: CARB 2023 ERC transaction report; 2022 and South Coast 2024 tables on the prices page. Yolo-Solano's own transaction history (1998–2024) shows NOx clearing $990–$75,000/ton across 36 recorded transactions.

Districts with banked NOx credits on the Exchange

Registry entries confirming banked NOx volumes, by district:

NOx credits in Yolo-Solano AQMD
32 holder entries with NOx banked
NOx credits in Feather River AQMD
50 holder entries with NOx banked
NOx credits in Sacramento Metro AQMD
15 holder entries with NOx banked
NOx credits in San Joaquin Valley APCD
176 holder entries with NOx banked
NOx credits in Butte County AQMD
5 holder entries with NOx banked
NOx credits in Monterey Bay ARD
14 holder entries with NOx banked
NOx credits in San Diego County APCD
20 holder entries with NOx banked
NOx credits in Santa Barbara County APCD
19 holder entries with NOx banked
NOx credits in Ventura County APCD
35 holder entries with NOx banked
NOx credits in Mojave Desert AQMD
11 holder entries with NOx banked
NOx credits in South Coast AQMD
34 holder entries with NOx banked
NOx credits in Antelope Valley AQMD
2 holder entries with NOx banked
NOx credits in Bay Area AQMD
86 holder entries with NOx banked
NOx credits in Eastern Kern APCD
7 holder entries with NOx banked
NOx credits in Imperial County APCD
31 holder entries with NOx banked
NOx credits in Tehama County APCD
8 holder entries with NOx banked
NOx credits in North Coast Unified AQMD
3 holder entries with NOx banked

Search all banked NOx ERCs Post what you need — we find it

Buy or sell NOx ERCs

ERCs are district-bound: a NOx credit is usable in the district (or, with approval, the air basin) where it was generated. Tell us the district and tonnage your permit requires and we search the registries, contact holders, and can represent you as buyer's broker — no fee to inquire. Holders list free and set their own price.