50-State Solar Renewable Energy Certificate (SREC) Market Directory
Compare state-level SREC / SREC-II trading prices per Megawatt-hour (MWh), Renewable Portfolio Standard (RPS) solar carve-outs, and annual cash minting revenue for 10kW residential systems (Updated for 2026).
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| State | SREC Market Type | Est. SREC Trading Price ($/MWh) | Annual Cash Yield (10kW System) | Market Rating |
|---|---|---|---|---|
| Washington D.C. | Active Open Spot Market | $380 - $420 / SREC | $4,560 - $5,040 / yr | ⭐ #1 In US ($400+ ACP) |
| New Jersey | SuSI Program (SREC-II Fixed) | $85.00 / SREC (15-Year Fixed) | $1,020 - $1,190 / yr | ⭐ High (15-Yr Guarantee) |
| Massachusetts | SMART Program Tariff | ~28¢ to 35¢ / kWh production adder | $3,360 - $4,200 / yr | ⭐ Extremely High |
| Maryland | Active Open Spot Market | $55.00 - $65.00 / SREC | $660 - $780 / yr | ⭐ Very Strong |
| Pennsylvania | Active Open Spot Market | $35.00 - $45.00 / SREC | $420 - $540 / yr | ⭐ Moderate Active |
| Illinois | Illinois Shines (Adjustable Block) | Upfront 15-Year REC Block Payment | $8,000 - $14,000 Upfront Cash | ⭐ Top Upfront REC Cash |
| Ohio | Active Open Spot Market | $8.00 - $14.00 / SREC | $96 - $168 / yr | Low-to-Moderate |
| Virginia | VCEA Clean Economy SRECs | $35.00 - $50.00 / SREC | $420 - $600 / yr | ⭐ Growing Fast |
| Delaware | Delaware SREC Procurement Auction | $25.00 - $40.00 / SREC | $300 - $480 / yr | Moderate |
| California | Voluntary WREGIS REC Market | ~$1.50 - $3.00 / REC | ~$25 - $40 / yr | No Compliance Carve-Out |
| Texas | ERCOT Voluntary REC Market | ~$2.00 - $4.00 / REC | ~$30 - $60 / yr | Voluntary Only |
| Florida | No State RPS Solar Mandate | $0.00 (No state SREC market) | $0.00 / yr | Retail Net Metering Only |
| New York | NY-Sun MegaWatt Block / VDER | Upfront NY-Sun Rebate ($0.20-$0.40/W) | $2,000 - $4,000 Upfront | ⭐ High (NY-Sun Block) |
| North Carolina | NC-RETS Voluntary Market | ~$2.00 - $5.00 / REC | ~$30 - $75 / yr | Voluntary |
| Georgia | No State SREC Market | $0.00 | $0.00 | None |
| Arizona | Voluntary REC Market | ~$1.00 - $3.00 / REC | ~$20 - $50 / yr | Voluntary |
| Colorado | Xcel Energy Solar*Rewards RECs | Utility contract ($0.01-$0.03/kWh) | $150 - $400 / yr | Utility Program |
| Washington | WREGIS REC Market | ~$2.00 / REC | ~$25 / yr | Retail Net Metering Only |
| Nevada | NV Energy Portfolio Credit | Integrated into utility billing | N/A | Utility Direct |
| Connecticut | NREC / Residential Renewable Energy | Tariff buyback ($0.03-$0.08/kWh adder) | $400 - $1,000 / yr | ⭐ High |