Maryland SREC Market
Maryland should see a robust spot market because long-term contracts are difficult to come by. One of the state's initial requirements is that a solar generator first list their SRECs for sale on the Maryland PSC's website for 15 year contracts available to LSEs. If the facility is under 10 kW, any potential buyer must pay for the SRECs up front. Despite this requirement there are no buyers willing to enter into these contracts. The utilities are averse to locking in energy prices because of the exposure to price volatility and seem very willing to simply pay the SACP. Two factors that also affect the Maryland market are that it is closed to in-state solar generators and the RPS seems aggressive enough that the SRECs will maintain value over time.
Eligibility: Only Maryland solar photovoltaic installations are eligible
Energy Year: January 1 to December 31
Tracking Platform: GATS
SREC Useful Life: 3 years - a 2010 SREC can be counted towards the 2010, 2011 or 2012 RPS
Solar Requirement: Reaching 2.00% of total electricty generated in 2021
SACP: Declining $50 bi-annually and stabilizing at $50 in 2023
Energy Year
|
RPS Solar Requirement |
SACP |
| 2009 |
0.01% |
$400 |
| 2010 |
0.03% |
$400 |
| 2011 |
0.04% |
$350 |
| 2012 |
0.06% |
$350 |
| 2013 |
0.10% |
$300 |
| 2014 |
0.15% |
$300 |
| 2015 |
0.25% |
$250 |
| 2016 |
0.35% |
$250 |
| 2017 |
0.55% |
$200 |
| 2018 |
0.90% |
$200 |
| 2019 |
1.20% |
$150 |
| 2020 |
1.50% |
$150 |
| 2021 |
1.85% |
$100 |
| 2022 |
2.00% |
$100 |
Useful Links:
Maryland Client Forms - All the forms necessary to sign up for SRECTrade's EasyREC service
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling SRECs
Maryland Blog - Starting point for useful information regarding the Maryland SREC market
Registering in Maryland - Application details from the Maryland PSC
Cross-Listing your SRECs - Cross-Registering your system outside Maryland
DSIRE: Maryland RPS - Details on the Renewable Portfolio Standard
Other States:
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