What you are selling
A Solar Renewable Energy Credit represents the environmental attribute of a megawatt hour of solar generation, separate from the electricity itself. The two can be sold to different parties.
For every megawatt hour your panels generate you earn one SREC. A typical residential installation produces roughly 1.35 SRECs per kilowatt of installed capacity per year.
When you sell them, the electricity still powers your home and still offsets your bill, but the claim that your household runs on renewable energy transfers with the credits.
That is worth knowing rather than discovering. Vermont prices the same choice explicitly through a REC adjustor; Delaware structures it as a separate sale.
What the programme pays
Delaware uses competitive procurement rather than the open trading market of Pennsylvania or the administratively set rate of New Jersey. That means prices are set through the procurement process rather than by daily trading.
Reported prices have held around $30 per SREC for the first ten years of a contract, with the price determined annually by the programme, and around $10 per SREC for years eleven to twenty-five.
On a 7 kW system generating roughly 9.5 SRECs a year, that is on the order of $280 a year for the first decade and considerably less afterwards.
Because the mechanism is a procurement rather than a market, confirm the current terms with the Delaware Sustainable Energy Utility before letting a projection include them.
How it should appear in a projection
As its own line, in dollars per year, with the assumed SREC count and price stated. It is a separate income stream from your bill savings and should not be folded into them.
Ask what price the model assumed for years one to ten and for years eleven to twenty-five, since those are very different figures and using the higher one throughout would substantially overstate the result.
Ask what SREC generation rate it assumed per installed kilowatt, and check it against the roughly 1.35 per kW per year figure.
And remember Newark is a municipal utility town, so the Delmarva Green Energy Program grant does not apply here. Ask your municipal utility what its own Green Energy Fund programme offers instead.
Three pieces, and how they stack
The 30 percent federal Residential Clean Energy Credit under Section 25D expired for property placed in service after December 31, 2025, so a cash or loan purchase in Newark receives no federal tax credit.
Section 48E survives at 30 percent for third-party owners under leases and power purchase agreements, so ask what a provider claims and what reaches you in the rate.
What exists is your municipal utility Green Energy Fund programme, net metering to 25 kW credited in kilowatt hours, and SREC income through the Delaware Sustainable Energy Utility.
Ask for each as a separate line, with the SREC price and count stated for both the early and later contract years.