Home > SREC Markets > District of Columbia
Washington DC consistently maintains one of the most lucrative SREC markets in the nation, incentivizing solar development since it was established in 2004.
The original SREC market was further strengthened in 2011, when eligibility was limited to District-sited systems, tightening supply and supporting long-term price stability.
In 2015, the District expanded its RPS standard and in 2018 enacted major updates that set ambitious RPS targets including a progressively increasing solar carve-out and an extended schedule of SACPs. Program updates also aim to incentivize low income and community solar deployments across the District.
Market Details for DC Systems
Tracking Registry
Energy Year
Eligible Systems Locations for WA DC SRECs
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The Solar carve-out requirement reaches 15% in 2041.
All systems are required to have a revenue grade meter and report monthly meter readings.
A system’s eligibility start date is based on the system’s date of interconnection or the beginning of the current calendar year (whichever happens second). All systems must be approved through the District’s REC management system.
The Solar Alternative Compliance Payment (SACP) is the penalty price that electricity suppliers must pay per SREC if they fail to file the required number of SRECs by the end of each compliance period. The DC SACP is set at $500 per SREC through 2023 declining thereafter, as shown below.
DC SRECs have a useful life of 5 years (i.e., the year they are generated and the following 4 years)
DC SREC market requirements as currently set by state legislation:
| Energy Year | % Solar Requirement | SACP |
|---|---|---|
| 2019 | 1.85% | $500 |
| 2020 | 2.18% | $500 |
| 2021 | 2.50% | $500 |
| 2022 | 2.60% | $500 |
| 2023 | 3.00% | $500 |
| 2024 | 3.65% | $480 |
| 2025 | 4.30% | $460 |
| 2026 | 5.00% | $440 |
| 2027 | 5.65% | $420 |
| 2028 | 6.30% | $400 |
| 2029 | 7.00% | $380 |
| 2030 | 7.65% | $360 |
| 2031 | 8.30% | $340 |
| 2032 | 9.00% | $320 |
| 2033 | 9.65% | $300 |
| 2034 | 10.30% | $300 |
| 2035 | 11.00% | $300 |
| 2036 | 11.65% | $300 |
| 2037 | 12.30% | $300 |
| 2038 | 13.00% | $300 |
| 2039 | 13.65% | $300 |
| 2040 | 14.30% | $300 |
| 2041 | 15.00% | $300 |
| 2042 and thereafter | 15.00% | $100 |
Source: EIA Report "Retail Sales of Electricity by State by Sector by Provider (EIA-861)" updated 3/23/15. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.0% 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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