solar renewable energy credits

Virginia

Learn about the process of generating and selling SRECs for rooftop solar owners.

Updated on:
September 18, 2024

What you need to know

in

Virginia

Every 1,000 kW (or 1MW) your system generates, you create 1 SREC that can be sold. This helps you pay off your solar faster and creates passive income for you.

What's the latest price

in

Virginia

?

$35

Which markets can you sell SRECs?

When can you start selling SRECs?

How long are SREC eligible?

Example: If a credit is generated July 2024, how long before it expires?

When are credits issued?

What type of credits are issued?

State Renewable Target (%)

Eligible Energy Sources

Reporting Year

SREC Program Details in

Virginia

A new Renewable Portfolio Standard (RPS) requires Dominion and Appalachian Power Company (APCo) service territories to include Solar as primary renewable energy. A primary component of the VCEA is that 1% of Dominion’s RPS compliance obligation must come from in-state distributed generation solar resources (DG) smaller than 1 MW in nameplate capacity. By 2030, approximately 250 MW of solar will be added.

A system’s eligibility to start generating SRECs is based on the system’s online date, otherwise known as the Interconnection Date. A system that is not registered in the same year as its online date can generate RECs back to the beginning of the calendar year of registration.

All systems, including both residential and commercial sizes, are required to measure generator output with a revenue-grade meter (RGM) which must meet the ANSI C-12 standard. VA systems that do not qualify in VA are still eligible for the Pennsylvania Tier 1 REC market.

The SREC Process

Start earning with SRECs

Discover Earnings