SREC Program Virginia
                     SREC Program Virginia: Enhance Your Solar Investment and 
Support Clean Energy
The SREC program Virginia presents a powerful way for homeowners and 
businesses to  earn  additional  income  while  supporting  the  state’s  
clean  energy  goals.  By participating in the Solar Renewable Energy 
Certificates (SREC) market, solar energy system owners can monetize the 
electricity generated by their solar panels, contributing to Virginia’s 
renewable energy objectives and boosting their financial returns. Whether 
you’re new to solar or looking to maximize the benefits of your existing 
solar system, this program can offer significant advantages.
Understanding SRECs and Their Value
Solar Renewable Energy Certificates (SRECs) are marketable credits that 
represent one megawatt-hour (MWh) of electricity generated by a solar energy 
system. Under the Renewable Portfolio Standard (RPS), energy suppliers are 
required to source a portion of their electricity from solar energy. To meet these 
obligations, they purchase SRECs from solar energy producers, creating a 
demand-driven market. The value of SRECs is determined by supply and demand 
dynamics and can vary significantly over time.
In Virginia, the SREC market has been bolstered by the Virginia Clean Economy Act 
(VCEA), enacted in 2020. This legislation mandates distributed generation solar 
resources, such as residential solar systems, to contribute to the state’s RPS 
compliance. By participating in the SREC market, solar system owners can 
generate additional income and support Virginia’s transition to renewable energy.
Virginia SREC Market: Key Features and Requirements
The Virginia SREC market offers competitive pricing for solar system owners. Over 
the past six years, SREC prices in Virginia have ranged from $34.50 to $43.00 per 
certificate. Factors such as market supply, demand, and regulatory changes 
influence these prices.
To participate in the Virginia SREC market, homeowners and businesses must 
meet specific requirements:
● Solar Requirement: Virginia’s RPS mandates that 0.75% of total electricity 
generation come from solar energy by 2025.
● Eligibility Start Date: SRECs are eligible from the beginning of the calendar 
year or the date of system interconnection, whichever occurs first.
● Solar Alternative Compliance Payment (SACP): Energy suppliers failing to meet 
RPS requirements must pay a penalty starting at $75, incentivizing SREC 
purchases.
● SREC Useful Life: SRECs in Virginia have a lifespan of five years, allowing 
system owners flexibility in trading.
How SRECTrade Simplifies the Process
SRECTrade is a leading platform that simplifies SREC management and trading. It 
offers:
1. System Registration: SRECTrade  handles  system  registration  
with  regulatory authorities, ensuring seamless entry into the 
market.
2. Trading  Assistance:  The  platform  connects solar system owners with 
buyers, facilitating transparent and efficient transactions.
3. Market Insights: Users gain access to market trends and pricing data, 
helping them make informed decisions.
Why Participate in the SREC Program Virginia?
4. Additional Income: The most immediate benefit of participating in the SREC 
program is the potential for additional income. Solar system owners can 
earn money by selling their SRECs, making it an excellent way to offset 
the costs of installing and maintaining solar panels.
5. Support Clean Energy: By generating and selling SRECs, you are directly 
contributing to Virginia’s renewable energy goals. As demand for solar power 
grows, you are playing a key role in the transition to a cleaner, more 
sustainable energy future.
6. Incentive for Investment: The SREC program provides an added incentive for 
investing in solar energy. By combining the savings on energy bills with 
the income from selling SRECs, solar owners can realize a faster return on 
investment.
7. Market Flexibility: With a five-year lifespan for SRECs and the ability to 
trade at any time during that period, the Virginia SREC program offers 
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The SREC program in Virginia presents a valuable opportunity for solar energy 
system owners to enhance their financial returns while contributing to the state’s 
renewable energy goals.
For expert guidance on solar energy solutions and SREC certification in 
Virginia, contact
SolarSME today and schedule your FREE consultation!