Delaware SREC Market Guide: Delaware SREC Procurement Program (20-Year Long-Term Bid Contract & Spot Market)
How Delaware homeowners stack the $6,000 upfront Green Energy Program cash grant with 20-year Delaware SREC Procurement contracts through SRECDelaware.com across Delmarva Power, Delaware Electric Cooperative (DEC), and municipal utilities.
1. How the Delaware SREC Market & Registration Process Works
Mechanic 1 — How the Annual SREC Delaware 20-Year Procurement Auction Works: Operated on behalf of Delmarva Power and the Delaware Sustainable Energy Utility (SEU), SRECDelaware.com runs an annual solicitation where residential Tier N-1 systems (≤50 kW) lock in a 20-year contract: a fixed price for Years 1–7 (administratively set or competitively bid at ~$35–$55/SREC) followed by $20/SREC for Years 8–20 (or you can trade freely on the PJM-GATS spot market!).
Mechanic 2 — The 10% In-State Equipment & 10% In-State Workforce SREC Bonus Multipliers (1.2x SRECs!): Under 26 Del. C. § 356, Delaware systems installed by a contractor employing ≥75% Delaware residents receive an extra 10% SREC credit multiplier (1.10 SRECs per MWh generated)—boosting your annual SREC minting volume by 10% for the life of the system!
Mechanic 3 — Stacking SRECs With the Upfront Delaware Green Energy Program Cash Grant ($800/kW up to $6,000!): Before your system is even turned on, Delmarva Power ($800/kW up to $6,000 max), Delaware Electric Cooperative ($500/kW for first 5kW), and DEMEC municipal utilities pay a massive upfront cash grant that stacks directly with the 30% Federal ITC and your 20-year SREC stream!
Mechanic 4 — Certification With the Delaware Public Service Commission (DE PSC): To mint Delaware SRECs, your system must obtain a Delaware PSC Certification Number ("DE-XXXX-SUN-01") and register on PJM-GATS within 12 months of PTO.
2. 10-Year SREC Cash Earnings & Incentive Stack Worksheet
Model Your System Payback →DELAWARE (DELMARVA POWER) 10KW SOLAR — 10-YEAR GRANT + SREC STACK =================================================================================== Incentive Layer Timing Cash / Tax Credit ----------------------------------------------------------------------------------- 1. Delmarva Power Green Energy Cash Grant At PTO $6,000 Cash Grant! 2. 30% Federal Clean Energy Tax Credit (§ 25D) Tax Filing $8,400 Federal Credit 3. Delaware SREC Sales (13.8 SRECs/yr x 1.1x) Yrs 1–10 $5,800 Cash Deposits 4. Delmarva 1:1 Retail Net Metering Savings Yrs 1–10 $25,600 Bill Savings ----------------------------------------------------------------------------------- TOTAL 10-YEAR DELAWARE SOLAR FINANCIAL BENEFIT: $45,800+ Total Value!
Delaware SREC Trading & Tax FAQ
Does Delaware charge state sales tax or property tax on residential solar installations?
Zero! Delaware has 0% state sales tax statewide, and residential solar systems are completely exempt from county and municipal property tax assessments.
Should I enter the SREC Delaware 20-year procurement contract or sell on the open spot market?
With Delaware’s Renewable Portfolio Standard increasing to 40% by 2035 (including a 10% dedicated Solar Carve-Out), spot market prices have strengthened significantly—compare the current year’s SREC Delaware Tier N-1 fixed price against spot bids on SRECTrade and Flett Exchange before locking in.
Can Delaware homeowners also get a grant for installing a home battery or geothermal heat pump?
Yes—DNREC and the Delaware SEU offer dedicated clean energy rebates and low-interest Energize Delaware loans for high-efficiency heat pumps, weatherization, and energy storage upgrades.