District of Columbia

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

DC

Tracking Registry

GATS

Energy Year

Jan - Dec

Eligible Systems Locations for WA DC SRECs

DC

Market Prices

Latest Bid Price:

Solar Requirement

The Solar carve-out requirement reaches 15% in 2041.

Meter Readings

All systems are required to have a revenue grade meter and report monthly meter readings.

Eligibility Start Date

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.

SACP

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.

SREC Useful Life

DC SRECs have a useful life of 5 years (i.e., the year they are generated and the following 4 years)

Market Requirements

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.

Latest State News

No recent blog posts for this state

Read more news

Start trading SRECs today

Manage your SREC portfolio the smart way with SRECTrade's market leading software

Simplicity

Simplicity

Manage your facility and SREC portfolio online with full transparency and control over when and how your SRECs are sold.

Transparency

Transparency

We don't lock you into a contract to use our service and we don't take a principal position with your SRECs, so you can rest assured we're always targeting the best prices for you.

Opportunity

Opportunity

With over 1847 MW of solar facilities under management, we're able to access more transaction opportunities for our clients.


Sign up now