SREC Procurement Program (Delaware)
This is the approved revision of this page, as well as being the most recent.
Last modified on February 12, 2015.
Financial Incentive Program
|Name||SREC Procurement Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, Utility, Agricultural, Institutional|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||Market bid price for the first 7 years, 35 for the next 13 years.|
|Eligible System Size||Up to 2MW|
|Installation Requirements||SRECs must be certified in Delaware|
|Maximum Incentive||Additional 10% bonus for parts and 10% bonus for labor that is based in Delaware.|
|Terms||20 year contract term.|
|Program Administrator||Delaware Sustainable Energy Utility (SEU)|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
The Delaware Solar Renewable Energy Certificate (SREC) Procurement Program is designed to assist in the creation of a market for SRECs and to provide a mechanism for the procurement of SRECs to ensure that retail electricity suppliers meet the requirements set forth inDelaware's Renewable Energy Portfolio Standards Act (REPSA).
The program utilizes a public solicitation for SRECs for different tiers of solar generators based on capacity. The Sustainable Energy Utility (SEU), contracted with InClime, will administer all aspects of the bid process for each utility that decides to participate. Delmarva Power is the only participating utility at this time; therefore, the estimates for procurement are based Delmarva Power’s projected need for SRECs in compliance year.
- New systems are defined as having a final interconnection approval after the closing date of the preceding auction process (i.e. May 24th, 2014 for the 2015 auction). Existing systems are defined as having a final interconnection approval date before the closing date of the preceding auction process (May 24th, 2014 for the 2015 auction).
Project must be certified in DE to create SRECs and can be in the service territory of any utility in DE. SRECs created in previous energy years are not eligible for the auction. Proposed projects are required to begin operating within one year of the award date. Projects that certified using Delaware parts and labor qualify for additional 10% bonus for each category.
Solicitation is divided into different tiers based on size and interconnection date. For 2014 solicitation, new projects (N-1, N-2, N-3) were projects interconnected on or after April 12, 2013 and existing projects (E-1, E-2) were projects that were connected before April 12, 2013. Each program tier have different applicable pricing, bid rules and other contract terms and conditions. Applicants can submit an application for only one tier; however, under certain limitations the SEU may accept bids from a lower tier to fill the requirements of a higher tier. The table below provides summary of program categories for the 2014 solicitation period.
|Contact Name||Tony DePrima|
|Department||Delaware Sustainable Energy Utility|
|Address||109 South State Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Delaware PSC Order 11-399|
|Authority 2:||26 Del. C. § 351 et seq.|
|Date Enacted||07/21/2005 (subsequently amended)|
|Authority 3:||Delaware PSC Order 8093|
|Authority 4:||Delaware PSC Order 8281|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.