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
Eligible System Locations
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Reaching 5.00% of total electricity generated in 2032.
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.
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).
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 3 years (i.e., a 2016 vintage SREC can be counted towards the 2016, 2017, or 2018 compliance periods).
DC SREC market requirements as currently set by state legislation:
|Energy Year||% Solar Requirement||Estimated SRECs Required (MWh)||SACP|
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