Sustainable Electric Utility (SEU)- SREC Purchase Program (Delaware)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Delaware

Name Sustainable Electric Utility (SEU)- SREC Purchase Program
Incentive Type State Rebate Program
Applicable Sector Residential
Eligible Technologies Photovoltaics
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
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


Start Date August, 2014
Expiration Date August, 2016

Funding Source Delaware’s Regional Greenhouse Gas Initiative (RGGI) funds

Installation Requirements 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
Must be certified by the DE PSC to create SRECs





Ownership of Renewable Energy Credits Sustainable Electric Utility (SEU)


Program Budget $1.5 million (FY 2014)





Program Administrator Delaware Sustainable Energy Utility (SEU) and Delaware Department of Natural Resources and Environmental Control (DNREC)
Website http://www.greengrantdelaware.com/
Date added to DSIRE 2014-11-03
Last DSIRE Review 2014-11-03



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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.


Eligibility


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.


Program Description


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 Contact

Contact Name Kevin Quilliam
Department InClime Solutions

Address 326 First Street
Address 2 Suite 34
Place Annapolis, Maryland
Zip/Postal Code 21403
Phone (410) 231-3996


Email kevin.quilliam@inclimesolutions.com

Contact Name Suzanne Sebastian
Department Delaware Department of Natural Resources & Environmental Control
Division Division of Energy & Climate
Address 1203 College Park Drive

Place Dover, Delaware
Zip/Postal Code 19904
Phone (302) 735-3480




     


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"