Delaware’s Public Service Commission Approves 2014 Solar REC Incentive Program

For the third year in a row, the Delaware Public Service Commission has approved Delmarva Power’s 2014 SREC incentive program that allows Delaware businesses to “go solar” on highly attractive terms. Businesses can opt to purchase and own solar systems directly, or can simply decide to purchase the solar electricity at a discount to current electricity rates (with no capital outlay).The 2014 program is substantially similar to the 2013 SREC program: there will be 3 separate system size tiers for all new solar projects, all of the 20-year SREC contracts will be determined by competitive bid price used for the initial 7 years, with SREC prices for years 8-20 being pre-determined (although the 2014 program will use a price of $35 as opposed to the $50 price used in 2013).The 2014 Solicitation bid window will open up on May 5^th, and will remain open for 15 business days until the bid window closes on May 23^rd.PowerFlex has been helped clients go solar under both the 2012 and 2013 Delaware SREC program, and is currently seeking corporate partners interested in exploring the 2014 program. To learn more about how your business can benefit from the Delaware SREC Program, please contact us.