Market History
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The Maryland SREC market has been active since 2008 and was historically stable until a significant price decline in early 2016.
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The price drop was caused by an oversupply of SRECs relative to the state’s solar demand under the Renewable Portfolio Standard (RPS).
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In 2019, Maryland passed a 50% RPS by 2030 and doubled the mandate for solar. Prices have since rebounded in the Maryland SREC market.
Maryland's Renewable Portfolio Standard
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Maryland's renewable portfolio standard (RPS) requires that at least 50% of the state's electricity be sourced from renewable energy by 2030 with a 14.5% carve-out specifically for solar energy.
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SRECs up to three years old can be sold in Maryland.
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If you'd like to learn more about Maryland's RPS you can visit the Maryland Public Service Commission's website.
Registration Guidelines
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Customers must submit a copy of their signed interconnection agreement and a signed contract before Sol Systems can register the system.
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Upon receipt of all documentation, Sol Systems will register a customer's solar energy system with the Maryland Public Service Commission (PSC) and the Generation Attribute Tracking System (GATS), the regulatory body that mints SRECs.
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In Maryland, SREC eligibility dates back to the solar system's interconnection date, so long as the system's registration is submitted to the state within that same calendar year.
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Systems smaller than 10kW AC in Maryland that do not have a revenue grade solar meter are eligible for production estimates.
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Sol Systems does not charge a registration fee.
Payment Timeline
Sol Systems makes payments to Sol Annuity and Sol Brokerage customers on a monthly basis per to the following schedule: