Delaware · SREC / renewable credit
Delaware SREC Program
Lets residential solar owners in Delaware sell credits for the power their system generates -- see the market rate, eligibility, and payback impact below.
- Market rate per MWh
- stated benefit
- Residential
- eligible customers
- 15.4 yr
- Delaware baseline payback
- 3
- other Delaware programs
What it means
In Delaware, a 6 kW system already pays back in about 15.4 years on ~$1,167/year of modeled savings, and the Delaware SREC Program stacks on top of that, on top of any federal credit.
- Market rate pe…
- stated benefit
- 15.4 yr
- baseline payback (pre-incentive)
- 4
- Delaware programs that stack
- full
- net-metering policy
Payback and savings are modeled from public NREL/EIA data; the program benefit is summarized from DSIRE and may change.
Program description
Delaware solar owners earn SRECs for each MWh produced, tradeable to utilities meeting RPS requirements.
Program at a glance
- Program type
- SREC / renewable credit
- Eligible customers
- Residential
- Stated benefit
- Market rate per MWh
- State electricity rate
- 14.8¢/kWh
- Delaware solar score
- 24/100
How Delaware compares to the U.S. average
Why this incentive matters more (or less) here - Delaware's solar fundamentals against the national average.
Source: NREL irradiance and U.S. EIA rates; payback modeled by PlainSolarData. Bars are scaled to the larger of the two values per metric.
Solar's trajectory in Delaware
The market this incentive operates in: total installed solar capacity in Delaware reported to the EIA.
Delaware's solar incentive stack
How this srec / renewable credit sits among Delaware's 3 tracked programs, by type
- Net metering
Net metering
1 programs
- Rebate
Rebate
1 programs
- SREC
SREC
1 programs
What this shows Of Delaware's 3 tracked incentive types, 1 are SREC/renewable-credit programs -- an ongoing revenue stream from generation, distinct from the state's other stacked incentive types.
How this incentive fits Delaware's solar picture
The Delaware SREC Program lets Delaware solar owners sell renewable energy credits generated by their system, tracked as a solar incentive in DSIRE. Eligibility is scoped to residential customers, with a stated benefit of Market rate per MWh. DSIRE lists no scheduled sunset, though enabling legislation and appropriations can still be revised year to year.
That baseline is slower than most states, which raises the stakes for every incentive on the table. Delaware averages 4.5 kWh/m²/day of usable sunlight and residential rates of 14.8¢/kWh, producing an estimated 7,884 kWh/year and $1,167 of annual utility offset on a typical 6 kW system costing $18,000. That baseline already implies a 15.4-year simple payback and a 25-year modeled net of roughly $11,175 before this incentive - every dollar this srec / renewable credit delivers compresses that payback further.
A handful of other levers are worth checking alongside this one. Delaware has 4 solar incentive programs indexed in DSIRE, including adjacent options like DE Net Metering, Delaware Green Energy Fund Rebate. The state's net-metering policy is classified as full, which governs how excess generation is credited and often decides whether a given program is worth claiming for a specific household.
Your next step
- See Delaware's full solar profile, score, irradiance, rates, payback, and every program you can claim. Delaware solar data
- Run the savings calculator with your real bill to see how this incentive changes your own payback. ROI calculator
- Understand how SREC income works before you count on it. SRECs explained
Estimates here are modeled from public data and are not financial advice; confirm program terms and your own eligibility before relying on a dollar figure.
Other Delaware incentives
Frequently asked questions
What is the Delaware SREC Program?
How does the Delaware SREC Program work?
Who is eligible for the Delaware SREC Program?
How does this incentive affect solar ROI in Delaware?
Are there other solar incentives in Delaware?
Incentive data from the DSIRE (Database of State Incentives for Renewables & Efficiency); state solar economics from NREL and the U.S. EIA. See our methodology.