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
Eligible System Locations
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Reaching 2.50% of total electricity generated in 2021.
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.
Upon date of interconnection or the beginning of the most recent calendar year (whichever happens second).
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.
3 years - a 2014 vintage SREC can be counted towards the 2014, 2015, or 2016 compliance periods.
The breakdown of the state SREC market requirements as currently set by state legislation.
|Energy Year||% Solar Requirement||Estimated SRECs Required (MWh)||SACP|
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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