Maryland’s Solar Market: Waiting for the SREC Market to Recover
SREC’s Are the Key to Maryland’s Solar Market Growth
There has been substantial chatter about Governor Hogan’s recent veto of the Clean Energy Jobs – Renewable Energy Portfolio Standard Revisions bill (SB0921/HB1106) and its meaning for the health of the Maryland solar market.
SREC market weakness due to oversupply has been exacerbated by uncertainty around whether the Maryland legislature will expand the state renewable market in step with increasing supply. With the Maryland SREC market trading at all-time lows, the future remains unclear.
We continue to monitor the state of the Maryland SREC market as more data is made available regarding trends in monthly solar build rates and new solar projects.