Learn About D.C. SREC Prices

Turn your solar investment into extra cash with Currents, the fastest-growing SREC aggregator. Sign up today to effortlessly generate and sell your SRECs, maximizing your solar panel's financial benefits with our hassle-free platform.

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What are SRECs?

Solar Renewable Energy Certificates (SRECs) are tradable credits that represent the environmental benefits of generating solar power.

Each time your solar system generates 1 megawatt-hour (MWh) of electricity, you earn one SREC. These certificates can then be sold to utility companies and other buyers who need to meet renewable energy quotas set by state regulations. For more detailed information, check out our article on what is SREC.

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Market Demand

Market demand plays a significant role in determining the price of SRECs.

The higher the demand for renewable energy credits, the higher the price you can expect to receive for your SRECs. Demand is influenced by several factors, including:

• Compliance Requirements: Utility companies and other entities are often required to meet specific renewable energy targets. The more stringent these targets, the higher the demand for SRECs.
• Corporate Sustainability Goals: Many companies are setting ambitious sustainability goals, increasing the demand for renewable energy credits to offset their carbon footprint.
• Consumer Awareness: As more consumers become aware of the benefits of renewable energy, the demand for SRECs continues to grow.

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SREC prices are dictated by supply and demand, and the states that have SRECs are as follows, with each credit equaling the amount shown as of June 2024:

• Washington D.C.: $440

• Delaware: $40

• Illinois: $150

• Maryland: $58 

• Massachusetts: $175

• New Jersey: $206

• Pennsylvania: $35

• Ohio: $4 (can also sell into PA market)

• Virginia: $32

For more information on specific state SREC prices, check out our articles on srec nj, srec maryland, and pa srec prices.

How to sell my DC SRECs

Sign up with Currents to sell your DC SRECs. We'll maximize the value of your credits with our simple and automated service that makes it easy to get paid for your solar generation.

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State Regulations

State regulations are another critical factor affecting SREC prices. Each state has its own set of rules and requirements for renewable energy credits, which can significantly impact the market.

Understanding the regulatory landscape in your state is essential for maximizing your SREC earnings.

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By understanding how market demand and state regulations affect SREC prices, you can make informed decisions when selling your renewable energy credits.

This knowledge will help you navigate the SREC market more effectively and maximize your earnings from your solar investment.