About
Founded in 2012, SREC Delaware Program is a renewable energy company headquartered in Delaware, United States specializing in Solar.
SREC Delaware was established in 2012 to purchase Solar Renewable Energy Credits (SRECs) from homeowners, farmers, businesses, and other solar facility owners throughout Delaware. SRECs are credits generated based on electricity production—one SREC per megawatt hour—and are purchased by Delmarva Power to meet state-mandated renewable energy goals under Delaware's Renewable Portfolio Standard. The program operates annual procurement windows where participants submit bids for multi-year contracts to sell SRECs. Facilities are organized into tiers based on system size, interconnection date, and ownership type, with lowest bids accepted until each tier is filled. The program offers bonuses for facilities using Delaware labor or equipment. Administered by InClimes Solutions on behalf of the Delaware Sustainable Energy Utility.
Headquarters
Delaware, United States
Founded
2012
Business Models
Value Chain
Service Regions
Delaware