Pennsylvania SREC Market
Pennsylvania's SREC market is oversupplied. A variety of federal and state incentives, in addition to the SREC market led to a substantial build out of solar in the state. Additionally, PA is one of two remaining SREC states that allows systems to register from outside of the state, further impacting supply. State legislators have recently attempted to increase the Solar RPS requirements without success.
Pricing:
SREC Auction - Auction closing prices history
News:
Pennsylvania Blog - Starting point for useful information regarding the Pennsylvania SREC market
Other States in which Pennsylvania facilities are eligible:
Ohio SREC Market
States Eligible for PA Market: Any solar photovoltaic facility in the PJM Region is eligible to be certified. Solar thermal facilities that replace electric hot water heaters can be registered as energy efficiency (EE) credits, not SRECs.
Eligibility Period: PA SRECs (PA SAECs) can be generated for the life of the system. The program manager will only recognize generation from the date of application. If you have registered in another state prior to application AND the SRECs have already been created, then PA will recognize them. If the prior generation SRECs are not created before the application, then PA will not recognize them.
Energy Year: June 1 to May 31
Tracking Platform: GATS
SREC Useful Life: 3 years - a 2012 SREC (solar AEC) can be counted towards either the 2012, 2013 or 2014 RPS
Solar Requirement: Reaching 0.5% of total electricity generated in 2021
SACP: 200% of the average SREC (solar AEC) price paid by LSEs in that year
Meter Readings: Facilities under 15kW eligible for estimated generation based on the PV Watts calculation, unless they receive funding from the PA Sunshine Fund. All other facilities must report monthly readings. Facilities that received Pennsylvania Sunshine funding and all systems larger than 15 kW require a revenue grade meter.
Eligibility Begins: At date of application to PA AEPS
|
Energy Year |
RPS Solar Requirement |
Projected SRECs Required (MWh) |
Projected Capacity Required (MW) |
SACP |
|
2010 |
0.0120% |
17,511 |
14.6 |
$654.37 |
|
2011 |
0.0203% |
30,222 |
25.2 |
$495.81 |
|
2012 |
0.0325% |
48,648 |
40.5 |
TBD 12/2012 |
|
2013 |
0.0510% |
77,485 |
64.6 |
TBD 12/2013 |
|
2014 |
0.0840% |
129,537 |
109.7 |
TBD 12/2014 |
|
2015 |
0.1440% |
225,395 |
187.8 |
TBD 12/2015 |
|
2016 |
0.2500% |
397,181 |
331.0 |
TBD 12/2016 |
|
2017 |
0.2933% |
472,962 |
394.1 |
TBD 12/2017 |
|
2018 |
0.3400% |
556,492 |
463.7 |
TBD 12/2018 |
|
2019 |
0.3900% |
647,904 |
539.9 |
TBD 12/2019 |
|
2020 |
0.4330% |
730,130 |
608.4 |
TBD 12/2020 |
|
2021 |
0.5000% |
855,753 |
713.1 |
TBD 12/2021 |
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Source: EIA Report updated 10/1/12 "By End-Use Sector, by State, by Provider". Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% growth rate per forecast year. RPS Solar Requirement is multiplied by forecast Total Electricity Sales to arrive at Projected SRECs Required. Projected Capacity Required is based on a factor of 1.2 MWh generated per MW of installed capacity per year.
Useful Links:
Pennsylvania Client Forms - All the forms necessary to sign up for SRECTrade's EasyREC service
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling SRECs
Registering in Pennsylvania - Application details from the PA AEPS Program
DSIRE: Pennsylvania RPS - Details on the Renewable Portfolio Standard
The image below shows a map of the PJM Region. Any facilities cited within the territories highlighted are eligible to participate in the DC and PA SREC programs.
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