Solar by State

Delaware

Incentives Make Solar More Affordable Than Ever

The combination of government and utility incentives can drive down the cost of your solar installation by more than 50%! Federal, State, and Local governments, along with utilities, are pitching in to lower the cost of your solar panels because solar is a great investment for them as well as for you. The incentives require some paperwork, which Astrum Solar will take care of for you.

Federal, State and Local Rebates

Federal Rebate

The Federal rebate is very straightforward. It is 30% off your installation price. It’s a simple one page form that attaches to your Federal tax return and you will get your money as a tax rebate. There is no risk money will run out.

Delaware Green Energy Program

In order to receive a Delaware state grant your electricity provider must offer a program utilizing the Green Energy Fund. The grant is $1.25 per watt for the first 5,000 watts of the installation, with lower rebates as the installation size gets bigger. The maximum incentive is $15,000. For customers of Delaware Electric Cooperative, the grant is $.90 per watt for the first 5,000 watts of the installation, with lower rebates as the installation size gets bigger. The maximum incentive is $7,500. Astrum Solar is a Delaware Green Energy Program participating installer. For more information see the Delaware Energy Office’s website.

Solar Renewable Energy Credits

Most states have laws requiring utilities to produce a percentage of their electricity using renewable sources of energy (or pay a fine to the state). The utility can meet this requirement by buying Solar Renewable Energy Credits (SRECs) from solar homeowners. It’s a win-win-win situation! You get money from the utility for putting up solar panels, the utilities don’t need to become experts in adding solar to roofs, and the state gets more solar installations.

Astrum Solar can offer you the best value for your SRECs. That’s because SRECs prices are not fixed but negotiated, and Astrum Solar, as one of the region’s top SRECs aggregators, has the leverage to get the best price for our customers. We are also the only installation company that offers an upfront payment for the value of all your future SRECs, thereby reducing the initial out-of-pocket cost of your installation. Astrum Solar customers have the option of selling their SRECs to Astrum Solar upon purchase of their solar system or over a period of years.

What is one SREC Worth?

When you use our Solar Calculator to get an estimate for a solar installation for your home, it will show you the price we can offer you for your SRECs. You can also visit Astrum SRECs to learn more.

In 2012, the utility companies pay a fine of $400 for each SREC that they are missing from their required portfolio at the end of the year. Therefore, the utility should be willing to pay a homeowner between $1 and $399 for each SREC so that they don’t have to pay the state $400 for each missing SREC. The fine, called the Alternative Compliance Penalty (ACP) is set at $400 but increases to $450 if a utility elects to pay the ACP and then $500 if a utility pays the ACP in subsequent years. If you choose to wait to sell, don’t wait too long as Delaware SRECs are only good for three years from the date they are created. The fine, called the Alternative Compliance Penalty (ACP) may decline over time. The Delaware Energy Office has the authority to review and adjust the ACP given certain market conditions.