District of Columbia

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A combination of aggressive solar goals, a restrictive infrastructure for development, and the District’s demographics has preserved the DC SREC market, where SREC prices remain high due to undersupply. The D.C. City Council passed a law in July 2011 preventing out-of-state systems registered after January 31, 2011 from participating in the DC SREC Market, further limiting supply.

Recently, efforts to promote greater access to solar, such as a 2013 community net metering law, initiatives to promote greater penetration of solar installations among low-income residents, and the 2015 RPS Expansion Act promise to increase solar installation build rates across the District.

Markets for DC Systems

DC and PA

Tracking Registry

GATS

Energy Year

Jan - Dec

Eligible System Locations

DC

Market Prices

Solar Requirement

Reaching 5.00% of total electricity generated in 2032.

Meter Readings

Facilities less than 10 kW DC capacity are eligible to produce SRECs from estimated generation based on PV Watts estimates. All other facilities must report monthly readings. Systems larger than 10 kW are required to report generation from a revenue grade meter.

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).

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 3 years (i.e., a 2016 vintage SREC can be counted towards the 2016, 2017, or 2018 compliance periods).

Market Requirements

DC SREC market requirements as currently set by state legislation:

Energy Year % Solar Requirement Estimated SRECs Required (MWh) SACP
2011 0.40% 46,248 $500
2012 0.50% 56,294 $500
2013 0.50% 55,428 $500
2014 0.60% 67,178 $500
2015 0.70% 79,158 $500
2016 0.825% 94,227 $500
2017 0.98% 113,049 $500
2018 1.15% 133,986 $500
2019 1.35% 158,861 $500
2020 1.58% 187,786 $500
2021 1.85% 222,075 $500
2022 2.18% 263,698 $500
2023 2.50% 306,133 $500
2024 2.60% 317,070 $400
2025 2.85% 347,558 $400
2026 3.15% 384,143 $400
2027 3.45% 420,728 $400
2028 3.75% 457,313 $400
2029 4.10% 499,995 $300
2030 4.50% 548,775 $300
2031 4.75% 579,263 $300
2032 5.00% 609,750 $300

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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