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Delaware SRECs 101

Delaware operates one of the oldest SREC markets in the United States, first established in 2005 and amended in 2011. The program is governed by Delaware’s Renewable Portfolio Standard (RPS), which includes a specific solar carve-out.

What is Delaware’s Renewable Portfolio Standard (RPS)?

Delaware’s RPS requires that:

  • 25% of the state’s electricity come from renewable sources by 2025, including a 3.5% solar carve-out

  • By 2035, Delaware aims to source 40% of electricity from renewables, with a 10% carve-out for solar photovoltaic energy

What is the Solar Alternative Compliance Payment (SACP)?

The Solar Alternative Compliance Payment (SACP) is a penalty paid by compliance buyers that fail to meet Delaware’s solar requirements.

  • The SACP is currently $150 per MWh (1,000 kWh)

  • Due to significant market oversupply, the SACP has little impact on current SREC pricing

How long can SRECs be sold in Delaware?

  • SRECs up to three years old may be sold in the Delaware market

For additional regulatory details, visit the Delaware Public Service Commission website.

What SREC procurement programs are available in Delaware?

In addition to selling SRECs on the spot market, Delaware offers long-term procurement programs.

Delaware Procurement Program

  • Established after a 2011 RPS amendment

  • Electric distribution companies became the primary SREC purchasers

  • Delmarva Power is currently the largest SREC buyer

Recent procurement bids have allowed customers to:

  • Bid into long-term fixed-price contracts (e.g., 25-year contracts)

  • Receive a fixed price for the first portion of the contract term

Procurement bids occur annually, typically in early summer, and are divided into tiers based on system size and interconnection date.

SEU SREC Purchase Program

  • Offers an upfront payment per kW

  • In exchange for the first 20 years of SRECs

  • Available to systems 50 kW or smaller

What is required to register a Delaware solar system?

Before Sol Systems can register your system, customers must provide:

  • A signed interconnection agreement

  • A signed Sol Systems contract

  • A Delaware Certification Number

Who handles Delaware registration?

  • Registration with the Delaware Public Service Commission (PSC) is handled by the installer

  • Customers must provide their Delaware Certification Number to Sol Systems

    • Format: DE-#####-SUN-01-##-##

Once documentation is complete:

  • Sol Systems registers the system with PJM’s Generation Attribute Tracking System (GATS), which mints SRECs

When does SREC eligibility begin in Delaware?

SREC eligibility begins on the date the system is approved by the Delaware PSC.

What metering is required?

  • Systems under 10 kW without a dedicated meter may use production estimates calculated with PVWatts

  • Systems participating in Delaware procurement programs must have a revenue-grade meter

  • Only photovoltaic (PV) systems are eligible

  • Solar thermal systems are not eligible

Does Sol Systems charge a registration fee?

No. Sol Systems does not charge a registration fee.

When are Delaware SREC payments made?

Sol Systems issues payments to Sol Annuity and Sol Brokerage customers on a monthly basis, according to the applicable payment schedule.

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