MD sited only
Only NEW solar installed from July 1, 2024 to January 1, 2028, before hitting total installed megawatt limits per category, will be classified as “Certified SRECs”
The first 300MW AC of solar 20kW and less qualify.
The first 270 MW AC of solar 20kW to 5MW qualify. (The size limit can only be above 2 MW for rooftops, parking canopies, or brownfield sites.)
Systems larger than 1MW in size workers must be paid the prevailing wage.
The 150% multiplier for Certified RECs goes into effect after January 1, 2025. Compliance buyers will be able to use MD Certified SREC to satisfy 150% of their compliance obligation per Certified SREC. GATS Certified Tag required.
January to December (energy year 2024 = Jan 2024 to Dec 2024)
5 years
|
Year |
SACP for MD Certified SREC - ("Implied" 150% value of MD SREC) |
% RPS Solar |
|---|---|---|
|
2025 |
$82.50 |
2.00% |
|
2026 |
$67.50 |
8.00% |
|
2027 |
$52.50 |
9.50% |
|
2028 |
$48.75 |
11.00% |
|
2029 |
$37.50 |
12.50% |
|
2030 and later |
$33.75 |
14.50% |