1. Electricity: Your solar installation produces electricity that is used to power your home. When you do not use all the electricity that is produced at the time that it’s produced, the excess electricity flows back to the electric grid. Your electric utility may compensate you for that excess electricity through credits that reduce your electric utility bill. This process is called net metering. Net metering policies may change over time.
  2. SRECs: When your solar installation produces electricity, it also produces Solar Renewable Energy Credits (SRECs). SRECs are certificates that represent the environmental value of solar energy and certify that your facility produced solar energy. SRECs can be bought and sold. If your SREC Delaware bid application is successful, you will enter a long-term contract to sell your SRECs to Delmarva Power.

You may receive communications from your electric utility company about net metering. These communications are not related to SREC Delaware and do not impact your SREC Delaware contract. If you have any questions about net metering, please contact your electric utility.