Rebates

Note: The competitive solicitation process for 2022 ended on October 14th at 5:00pm. Check the website for more details on future solicitations.

Solar Renewable Energy Credits (SREC) Delaware

In Delaware, the Renewable Portfolio Standard (RPS) requires electricity suppliers to secure a portion of their electricity from solar generators. The SREC program provides a means for Solar Renewable Energy Credits (SRECs) to be created for every 1000 kilowatt watt-hours of solar electricity created.

The SREC is sold separately from the electricity and represents the “solar” aspect of the electricity that was produced. The value of an SREC is determined by the

Under Maryland law, an SREC represents the generation attributes of 1 megawatt-hour (MWh) of electricity generation (or equivalent) from a qualifying solar facility. Electricity suppliers must purchase and retire solar renewable energy credits (SRECs) in order to meet their compliance obligations under the law, or pay a Solar Alternative Compliance Payment (SACP) for any shortfalls in SREC purchases. The SACP operates as a theoretical ceiling on the price that a supplier would pay for SRECs to fulfill obligations under the Maryland RPS.* In Maryland the SACP is set at $400 per MWh for 2009 - 2014, but will decline in

NOTE: Starting October 29, 2018, the SREC Registration program applications submitted will receive 10 year SREC qualifying life. Applications submitted before the date will receive 15 years SREC qualifying life. 

New Jersey’s Renewable Portfolio Standard (RPS) includes a carve-out for solar, requiring the each electricity Load Serving Entities (LSEs) to provide at least 4.1% of the electricity through in-state solar installations by 2028. This solar carve-out, in addition to other supporting incentives has established NJ as one of the largest and dynamic solar market in the US. The SREC registration program allows the solar projects in New Jersey generate

 In January 2005, the District of Columbia (D.C.) Council enacted a Renewable Portfolio Standard (RPS) with a solar carve-out that applies to all retail electricity sales in the District. In October 2008 the RPS was amended by the Clean and Affordable Energy Act (CAEA) of 2008. Significantly, this legislation increased the percentage and number of benchmarks that utilities must meet, included solar water heating as an eligible technology, increased the alternative compliance payment and amended reporting requirements. The solar requirements began in 2007 at 0.005% of retail electricity sales and increase annually towards an ultimate target of 2.50% solar by

Through the Feed-in Tariff (FiT) program, LADWP is purchasing energy for up to 20 years from solar V and non PV technologies through a standard offer power purchase agreement. Participating in the program conveys to the utility all energy, capacity rights, and environmental attributes associated with the project.

As of March 2025, the price per kWh varies as shown below:

Project Capacity	In-Basin PV	In-Basin Non-PV	Owens Valley PV
30 kW - 500 kW	$0.145 per kWh	$0.115 per kWh	$0.115 per kWh
> 500 kW - 3 MW	$0.140 per kWh	$0.110 per kWh	Not Available
> 3 MW	$0.135 per kWh	$0.105 per kWh	Not Available

Note: Eversource will open the Year 7 Small ZREC Tariff Program on Monday, April 1, 2019 at 1 p.m. Eastern. Therefore, the two-week window (as described in the posted Rules & Process for Submitting Applications for the Small ZREC Tariff below) will close at 1 p.m. Eastern on Monday, April 15, 2019.

In July 2011, Connecticut enacted legislation amending the state's Renewables Portfolio Standard and creating two new classes of renewable energy credits (RECs): Zero Emission Renewable Energy Credits (ZRECs) and Low Emission Renewable Energy Credits (LRECs). A Zero Emission Renewable Energy Facility is one that produces no emissions, such

In July 2011, Connecticut enacted legislation amending the state's Renewables Portfolio Standard and creating two new classes of renewable energy credits (RECs): Zero Emission Renewable Energy Credits (ZRECs) and Low Emission Renewable Energy Credits (LRECs). A Zero Emission Renewable Energy Facility is one that produces no emissions, such as solar, wind, or hydro. Owners of these facilities have an opportunity to sell their ZRECs to the utility at a fixed price for a period of 15 years. 

In coordination with the state's other investor-owned utility, the United Illuminating (UI) Company offers owners of small ZREC projects (less than or equal

Pennsylvania's Alternative Energy Portfolio Standard (AEPS), created by S.B. 1030 on November 30, 2004, requires each electric distribution company (EDC) and electric generation supplier (EGS) to retail electric customers in Pennsylvania to supply roughly 18% of its electricity using alternative-energy resources -- roughly 8% from Tier I technologies and 10% from Tier II technologies -- by 2021. The standard also contains a solar set-aside requiring obligated entities to procure a small percentage of their electricity sales from photovoltaic (PV) systems as part of the Tier I requirement. As with the other components of Pennsylvania's AEPS, the percentage requirement ramps

*According to the VEPP program, the 2022 RFP was the final solicitation year for the Standard Offer program, until further notice from the Vermont Public Utility Commission.

Background

In May 2009, Vermont enacted legislation requiring all Vermont retail electricity providers to purchase electricity generated by eligible renewable energy facilities through the Sustainably Priced Energy Enterprise Development (SPEED) Program via long-term contracts with fixed standard offer rates. This policy, commonly known as a "feed-in tariff", is intended to provide a reasonable return on investment to renewable energy facility developers, thereby spurring deployment of renewable energy. In June 2015, Vermont enacted legislation

Note: Massachusetts is in the process of implementing a new solar incentive program - the Solar Massachusetts Renewable Target (SMART) program - to follow the SREC II program. 

Massachusetts' renewable portfolio standard (RPS) requires each regulated electricity supplier/provider serving retail customers in the state* to include in the electricity it sells 15% qualifying renewables by December 31, 2020. Legislation enacted in July 2008 (S.B. 2768) significantly expanded the RPS, establishing two separate renewable standards -- a standard for “Class I” renewables and a standard for “Class II” renewables. The Massachusetts Department of Energy Resources (DOER) regulates the RPS and developed