What Is the Delaware SREC Program?
The Delaware SREC Program allows solar panel owners to earn one SREC for every 1,000 kWh of electricity their system generates. These credits are sold through SREC auctions or via contracts with utilities like Delmarva Power, helping utilities meet their Delaware solar RPS compliance targets.
With the Delaware SREC market price influenced by demand and supply, solar producers can either participate in periodic Delaware SREC auctions or work with a Delaware SREC aggregator for steady returns. Whether you are new to solar or already installed, SREC registration in Delaware is essential to access these financial benefits.
Delaware Solar Incentives and Rebates
Besides SRECs, the state offers various Delaware solar panel incentives and Delaware energy rebates that make solar installation more affordable:
- Delaware Solar Rebates: Offered by utilities and local programs.
- DE Solar Incentives: Include property and sales tax exemptions.
- Federal Investment Tax Credit (ITC): Currently at 30%, this federal incentive complements state benefits.
These combined incentives drastically reduce the payback period for systems installed by qualified solar installers in Delaware.
Who Is Eligible for the Delaware SREC Program?
To participate, your solar system must be located in Delaware, be certified under the state’s renewable portfolio standards, and not already committed to other exclusive programs. Residential, commercial, and third-party-owned systems can all qualify, depending on capacity and registration status.
Delaware SREC eligibility is also tied to system size and generation data, so working with experienced partners like Solar SME can streamline compliance and maximize returns.
How to Sell SRECs in Delaware?
Options include:
- Selling directly in Delaware SREC auctions
- Long-term Delmarva Power SREC contracts
- Through a Delaware SREC aggregator
Each path offers different pricing strategies. It’s critical to align your SREC trading plan with your energy production forecast and financial goals.
Conclusion:
The Delaware SREC Program is a valuable opportunity to enhance the financial returns of your solar system while supporting clean energy goals. From helping you register for Delaware SREC incentives to optimizing your Delaware solar power system's output, solarsme is your trusted partner. Contact us today to begin your journey toward higher solar savings and smarter energy management.