Pennsylvania

Home > Markets > Pennsylvania

Pennsylvania's SREC market is oversupplied. A variety of federal and state incentives, in addition to the SREC market, led to a substantial build out of solar in the state. Additionally, PA is one of two remaining SREC states that allows systems to register from outside of the state, further impacting supply. For a period of time before January 2011, PA systems were eligible to apply to the DC SREC market.

Markets for PA systems

PA and OH

Tracking Registry

GATS

Energy Year

June - May

Eligible System Locations

PA, OH, NJ, DE, MD, DC, VA, WV, IN (AEP), IL (ComEd), KY (AEP), TN (AEP), MI (AEP), NC (Dominion)

Solar requirement

Reaching 0.5% of total electricity generated in 2021.

Meter readings

Facilities less than 15 kW DC capacity (that did not receive funding from the PA Sunshine program) are eligible to produce SRECs from estimated generation based on NREL's PV Watts solar resource calculator. All other facilities must report monthly readings. Facilities that received Pennsylvania Sunshine funding and all systems larger than 15 kW require a revenue grade meter.

Eligibilty begins

At date of application to PA AEPS.

SACP

200% of the average SREC (solar AEC) price paid by power provider in that year. 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.

SREC useful life

3 years - a 2012 SREC (solar AEC) can be counted towards either he 2012, 2013 or 2014 compliance periods.

Market requirements

The breakdown of the state SREC market requirements as currently set by state legislation.

Energy Year Estimated Capacity Required (MW) Estimated SRECs Required (MWh) SACP
2010 14.6 17,511 $654.37
2011 25.2 30,222 $495.81
2012 39.8 47,798 $360.79
2013 61.9 74,263 $218.47
2014 103.5 124,151 TBD 12/2014
2015 180.0 216,022 TBD 12/2015
2016 317.2 380,664 TBD 12/2016
2017 377.7 453,294 TBD 12/2017
2018 444.5 533,351 TBD 12/2018
2019 517.5 620,961 TBD 12/2019
2020 597.0 716,413 TBD 12/2020
2021 683.5 820,166 TBD 12/2021
2022 693.7 832,469 TBD 12/2022
2023 704.1 844,956 TBD 12/2023
2024 714.7 857,630 TBD 12/2024
2025 725.4 870,495 TBD 12/2025
2026 736.3 883,552 TBD 12/2026

Source: EIA Report "Retail Sales of Electricity by State by Provider" updated 10/1/12. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% 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.

Start trading SRECs today

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

Simplicity icon

Simplicity

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

Transparency icon

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 icon

Opportunity

With over 135 MW of solar facilities under management, we're able to access more transaction opportunities for our clients.


Sign up now