SREC purchase program is a joint incentive of Delaware Division of Energy and Climate (DNREC) and the state’s Sustainable Energy Utility (SEU). The program offers a standard onetime payment of $450 per kW for the first 20 years of SRECs created by the system. In addition to this program, two other SREC based programs- SREC procurement program and SREC spot market program exist in DE which the participations may to choose to participate in.
The program is open to all Delaware residents who wish to install solar PV systems less than or equal to 50 kW in size. The system must be physically located in the state of Delaware and the system must have a final interconnection date after August 4, 2014. Systems must be certified by the DE Public Service Commission (PSC) to create DE SRECs. Any systems that already have a long term contract for their SRECs, including enrolled in SREC procurement program are not eligible for this program.
Participants can apply for the SREC purchase program by completing application at www.GreenGrantDelaware.com. The application consists of two parts, one to be completed before construction and one after construction. The program has a total budget of $1.5 million for purchase of SREC, which are awarded on a first-come, first-serve basis. Applying for the first part of the program does not secure funding for the system. Funding is awarded only after the system is complete and have obtained a DE PSC certification number. Information on remaining funds for the program is available at the program website.
|Incentive Type:||Rebate Program|
|Administrator:||Delaware Sustainable Energy Utility (SEU) and Delaware Department of Natural Resources and Environmental Control (DNREC)|
|Start Date:||August, 2014|
|Eligible Renewable/Other Technologies:||Solar Photovoltaics|
|Incentive Amount:||Upfront payment of $450/kW in exchange for the first 20 years of SRECs created by a solar system|
|Eligible System Size:||Up to 50 kW|
System must be interconnected after August 4th, 2014
System must not have received a Green Energy Program Grant available before Aug 4, 2014
System must have a revenue grade meter installed.
Must be physically located in Delaware
Must be certified by the DE PSC to create SRECs
|Ownership of Renewable Energy Credits:||Sustainable Electric Utility (SEU)|
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This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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