Home > SREC Markets > Maryland
A proactive state legislature and aggressive SREC requirements kept this market relatively stable between its inception in 2008 and early 2015. However, beginning in 2015, the Maryland SREC market started to become oversupplied due to a substantial amount of solar capacity being installed in the state. In early 2017, the Maryland General Assembly overrode Governor Hogan’s veto of the 2016 Clean Energy Jobs Bill, which provides for a slight increase in the state RPS beginning in 2017.
In 2024, the Maryland Senate passed The Brighter Tomorrow Act. This legislation aimed to address lower than expected build rates in the state in hopes of increasing SREC market supply. The Brighter Tomorrow Act was introduced and passed in an effort to jumpstart the market. The act creates a 1.5x price multiplier for systems that meet certification requirements, including a generating capacity of 5 MW or less, be placed in service between July 1, 2024 – January 1, 2028, and be located on a rooftop, parking canopy, or a brownfield site within Maryland.
Only Maryland-sited facilities may register for the Maryland SREC program. Certain Maryland-sited solar water heating systems are also eligible to produce SRECs.
Markets for MD Systems
Tracking Registry
Energy Year
Eligible System Locations
This graph is protected by copyright laws and contains material proprietary to Xpansiv Limited and/or its affiliates. All bid pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. Usage policyGet more data.
2019: Clean Energy Jobs of Act increased the total compliance requirements to 50% by 2030, increased the solar carve-out to 14.5%
All systems are required to have a revenue grade meter and report monthly meter readings.
A system’s eligibility start date is based on the system’s date of interconnection or the beginning of the current calendar year (whichever happened second at the time of application submission). For example, a system interconnected in November 2024 that did not submit its application until February 2025 would only receive credit from January 2025 onward.
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 MD SACP is set at $400 per SREC through 2014 and declining thereafter, as shown below.
The useful life of an MD SREC and of an MD BT SREC is 5 years (i.e., a 2021 SREC can be counted towards the 2021, 2022, 2023, 2024 or 2025 compliance periods).
MD SREC market requirements as currently set by state legislation:
| Energy Year | % Solar Requirement | SACP |
|---|---|---|
| 2019 | 5.50% | $100.00 |
| 2020 | 6.00% | $100.00 |
| 2021 | 7.50% | $80.00 |
| 2022 | 5.50% | $60.00 |
| 2023 | 6.00% | $60.00 |
| 2024 | 6.50% | $60.00 |
| 2025 | 7.00% | $55.00 |
| 2026 | 8.00% | $45.00 |
| 2027 | 9.50% | $35.00 |
| 2028 | 11.00% | $32.50 |
| 2029 | 12.50% | $25.00 |
| 2030 | 14.50% | $22.50 |
Manage your SREC portfolio the smart way with SRECTrade's market leading software
Manage your facility and SREC portfolio online with full transparency and control over when and how your SRECs are sold.
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.
With over 1847 MW of solar facilities under management, we're able to access more transaction opportunities for our clients.
