DOVER — Energize Delaware’s 2023 Solar Renewable Energy Credit (SREC) Procurement Program will be open for bids from Sept. 18 at 9 a.m. to Sept. 29 at 5 p.m. This is the only time in 2023 that the program will accept applications from new solar installations or those with previously unsuccessful bids.
The SREC Delaware Procurement Program provides an opportunity for solar owners to receive payment for the SRECs generated by their system. The value of the credits is determined by the market and is subject to supply and demand. Each procurement has different tiers for different types of systems. Procurements are bid based and competitive where the lowest bids are accepted in each tier.
The 2023 Procurement offers 25-year contracts. Successful applicants will be paid at their bid price for 10 years, and at $10/SREC for the remaining 15 years.
The program is open to qualifying solar owners throughout Delaware. Customers are not eligible to participate in the SREC Delaware Program if they already have a long-term contract to sell or transfer their SRECs. Existing SREC Delaware participants and customers who have transferred their SRECs under the Green Grant Delaware Program are not eligible to participate in the 2023 Procurement.