SEU SREC Purchase Program Overview
The SEU SREC Purchase Program is an upfront payment of $450/kW in exchange for the first 20 years of SRECs created by a solar system. This program is open to all Delaware residents who install Delaware-sited systems less than or equal to 50kw in size. In order to be eligible for the program, systems must have a final interconnection date of after August 4th, 2014. Although you may apply for the program anytime after August 4, 2014, the final application and grant disbursement will not occur until the system has been interconnected and a Delaware Public Service Commission Certification Number has been obtained. Payments will be made on a first come, first serve, basis and the program currently has $3,000,000 allocated for SREC Purchases. A countdown amount will be available at the time of application in order for prospective participants to gauge the amount of funding remaining.
Note: The SEU Upfront Purchase Program is no longer accepting Part 1 applications. Funds will be allocated to applications on a first come, first serve basis upon the submission of a Part 2 application. The Part 1 application does not reserve any funding. All systems must be complete by October 15th, 2017. We will not accept any Part 2 applications after October 15th, 2017.
Note: Any systems who already have a long term contract for their SRECs, including those systems currently enrolled in the SRECDelaware Program, are not eligible for this program.