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Maryland – Solar Renewable Energy Certificates (SRECs)

Incentive Type  Performance-Based Incentive
Eligible Technologies  Solar Water Heat, Photovoltaic
Applicable Sectors  Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional
Incentive Amount  Varies based on market conditions; as of June 2012 Maryland-sourced SRECs traded at approximately $190 – $280/MWh ($0.19 – $0.28/kWh) during 2012 based on data reported by PJM-GATS
Maximum Incentive Theoretical maximum of $400/MWh (the 2012 Solar Alternative Compliance Payment, or SACP) or $0.40/kWh for SRECs used for compliance under the MD RPS*
Eligible System Size(s) No specific size limit; but systems generally must be connected to the distribution system serving the state in order to qualify; residential solar water heating systems are limited to producing 5 SRECs annually
Equipment Standards None Listed
Installation Standards Solar water heating facilities may not be used for the solar purpose of heating a pool or hot tub and must use SRCC OG-100 certified collectors
Start Date  None Listed

More Information Contact:

Jim Boone
Maryland Public Service Commission
6 St. Paul Street
Baltimore, MD 21202
Phone: (410) 767-8114
E-Mail: RPSProgram@psc.state.md.us
Web Site: http://webapp.psc.state.md.us/Intranet/home.cfm

Ude l. Ude
Maryland Public Service Commission
6 St. Paul Street
Baltimore, MD 21202
Phone: (410) 767-8510
E-Mail: RPSProgram@psc.state.md.us
Web Site: http://webapp.psc.state.md.us/Intranet/home.cfm

 

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