Posts Tagged ‘DE Pilot Program’

Delaware SREC Program Results Announced

Posted April 18th, 2012 by SRECTrade.

On Wednesday, April 18th, SRECTrade announced Tier 1 and 2a results for the Delaware Pilot Procurement Program. The results can be found here on the Program site. Results for Tier 2b and 3 (systems between 250 and 2,000 kW) are not yet finalized.

For Tier 1 and 2a, during the random selection process, applications that represented PV systems with both Delaware parts and labor were automatically sorted above applications with just Delaware parts or just labor. Applications that did not qualify for either Delaware parts or labor were sorted last.

A fixed amount of SRECs were required to be purchased within each Tier.  For example, Tier 1 required 2,972 SRECs per year. After sorting the systems, their cumulative SREC production was calculated. Applications were accepted down the sorted list until the 2,972nd SREC requirement was met. All other systems were not accepted into the Program. Overall the Pilot solicitation attracted the equivalent of 6,610 SRECs from Tier 1 qualified systems. As such, there were enough systems with Delaware parts and labor alone to meet the 2,972 SREC requirement for the Tier 1 solicitation.

The Delaware Pilot SREC Procurement Program is a partnership between Delmarva, the largest retail utility in Delaware and the Delaware Sustainable Energy Utility. The Program is designed to source all of Delmarva’s SRECs while guaranteeing eligible PV system owners a 20-year fixed price contracts for their SRECs.

Delaware PSC Approves SREC Procurement Pilot Program

Posted November 15th, 2011 by SRECTrade.

The Delaware Public Service Commission approved the SREC Procurement Pilot Program on November 8th, 2011. This program will allow qualified solar energy system owners to sell their SRECs at a fixed price for the next 20 years.

The program will only be open to certain DE solar owners, for example, eligible facility owners must have received approval of their “Accepted Completed Solar System Interconnection Application” on or after December 1st 2010. Another requirement stipulates that the facility must not have received supplemental funding from a public source other than grants associated with the Delaware Green Energy Program “GEP”.

The number of SRECs to be procured is tiered according to the system size from which they are obtained. They will also be priced accordingly. Based on the requirements for June 2011 through May 2012, the numbers and price are

Tier Size (kW) Number of SRECs Percentage of Total SRECs Price, 1st 10 years Price, next 10 years
1 <50 2972 13.4% $260 base, $235 alt+ $50
2a 50 – 250 2,000 9.1% $240 base, $175 alt+ $50
2b 250 – 500 2,000 9.1% Lowest Bid Price* $50
3 500 – 2,000 4,500 20.4% Lowest Bid Price* $50
4 >2,000 10,600 48% Lowest Bid Price* $50
+Alternative pricing for projects that received a GEP grant before December 10 2010.
* Prices for tiers 2b, 3 and 4 will be decided by competitive bidding amongst the applicants.

In the event of oversubscription for facilities in Tier 1 and 2A, systems will be eliminated via lottery, starting with systems enrolled in the equipment or workforce bonus program.

Payments will be made quarterly for Tier 1 and monthly for Tiers 2 and 3. The energy production must be measured by at least a standard, utility grade meter and online monitoring for Tier 1 systems, and a revenue grade meter with online monitoring for Tiers 2 and 3.

Facilities are obliged to deliver the number of SRECs as estimated for their system size when they apply. The Sustainable Energy Utility is obliged to purchase up to 110% of the estimated SRECs, but may choose not to purchase any additional surplus SRECs.

This program will likely commence this winter or spring, and SRECTrade will be supporting this program for all of our installers and their customers. Look out for a future email regarding the SREC Pilot Program.