Buyer's Guide 2024
Solar Renewable Energy Credits (SRECs) Spot Market Program
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Solar Renewable Energy Credit Program
- Implementing Sector
- State
- State
- Delaware
- Eligible Storage Technologies
- Solar Photovoltaics
- Incentive Amount
- Varies based on market conditions; as of October 2014 the SRECs were trading at approximately $55 per MWh in SREC marketplace.
- Maximum Incentive
- CY 2009-2010 SACP: $250 - $350/MWh ($0.25 - $0.35/kWh)
Beginning CY 2010-2011 SACP: $400 - $500/MWh ($0.40 - $0.50/kWh)
Values refer to Delaware RPS SACP as a theoretical maximum; SACPs and trading prices in other states where Delaware-sourced SRECs are eligible may be different - Eligible System Size
- No system size limitations
- Duration
- SREC is valid for a period 3 years
- Equipment Requirements
- Systems must have a generation meter; engineering estimates not permitted
- Applicable Sectors
- Commercial, Industrial, Nonprofit, Residential, Schools, Agricultural, Multifamily Residential, Low Income Residential, Integrators
- Start Date
- 06/01/2008
- Last Updated
- 02/08/2022
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