District Of Columbia

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A combination of extremely aggressive annual solar goals and a tough infrastructure and demographic environment have kept the DC SREC market undersupplied. However, efforts to promote greater access to solar such as a 2013 community net metering law and initiatives to promote greater penetration of solar installations among low-income residents promise to increase District solar installation build rates. The District of Columbia City Council passed a law in July 2011 preventing out-of-state systems registered after January 31st 2011 from participating in the DC SREC Market.

Markets for DC systems

DC and PA

Tracking Registry

GATS

Energy Year

Jan - Dec

Eligible System Locations

DC

Market prices

Solar requirement

Reaching 2.50% of total electricity generated in 2021.

Meter readings

Facilities less than 10 kW DC capacity are eligible to produce SRECs from estimated generation based on NREL's PV Watts solar resource calculator. All other facilities must report monthly readings. Systems larger than 10 kW require a revenue grade meter.

Eligibilty begins

Upon date of interconnection or the beginning of the most recent calendar year (whichever happens second).

SACP

The Solar Alternative Compliance Payment (SACP) is the penalty price, that power providers must pay per SREC if they are unable to file the required number of SRECs at the end of the compliance period. The DC SACP is set at $500 per SREC through 2016, declining thereafter.

SREC useful life

3 years - a 2014 vintage SREC can be counted towards the 2014, 2015, or 2016 compliance periods.

Market requirements

The breakdown of the state SREC market requirements as currently set by state legislation.

Energy Year Estimated Capacity (MW) Estimated SRECs Required (MWh) SACP
2011 38.5 46,248 $500
2012 46.9 56,294 $500
2013 47.6 57,139 $500
2014 58.0 69,595 $500
2015 68.7 82,412 $500
2016 82.2 98,585 $500
2017 99.1 118,864 $350
2018 118.0 141,575 $300
2019 140.6 168,690 $200
2020 167.0 200,391 $200
2021 198.5 238,155 $150
2022 236.8 284,193 $150
2023 276.3 331,559 $50

Source: EIA Report "Retail Sales of Electricity by State by Provider" updated 10/1/12. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% growth rate per forecast year. RPS Solar Requirement is multiplied by forecast total electricity sales to arrive at Projected SRECs Required. Projected Capacity Required is based on a factor of 1,200 MWh generated per MW of installed capacity per year. Projected Capacity Required assumes the amount of capacity needed to be operational all year to meet that year's RPS requirements with only current vintage SRECs.

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