SREC Markets

Virginia

On April 12, 2020, Governor Ralph Northam signed the Virginia Clean Economy Act (VCEA), establishing a mandatory Renewable Portfolio Standard (RPS) in Dominion and Appalachian Power Company (APCo) service territories. A primary component of the VCEA is that 1% of Dominion’s RPS compliance obligation must come from in-state distributed generation solar resources (DG) smaller than 1 MW in nameplate capacity. This requirement will represent approximately 90 MW in 2021 and increase to approximately 250 MW by 2030, thus supporting the development of about 160 MW of DG solar over the next nine years.

Markets for VA Systems: VA and PA Tier-1

Tracking Registry: GATS

Energy Year: Jan – Dec

Eligible System Locations: VA

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