Top 8 Reasons Why the Mid-Atlantic is the Premier Solar Market
1. Highest solar carve out in the country:
With the passage of the Clean Energy Jobs Act in Maryland this spring, the new carve out is 14.5% or 600 MW per year through 2028.
2. Home to the highest SREC trading price in the US:
Washington D.C. SRECs are trading over $400/MWh, making for a hot rooftop solar market. Meanwhile Maryland's SRECs jumped over 500% to $50/MWh in 2019, and show no signs of decreasing.
3. Unprecedented demand in Virginia for solar energy:
The passage of SB 966 declared 5 GW of utility-scale solar in the public interest. Major corporations like Amazon, Google, Facebook and Microsoft want to power their Virginia data centers with local, solar energy.
4. Emerging DG market in Virginia:
Dominion recently put out RFP for 500 MW of DG, meanwhile co-ops recently made PPAs legal for non jurisdictional customers and raised their net metering cap from 1% to 5% during the co-op's peak load. The co-ops can also transition to 9% by 2029.
5. A strong and growing local solar workforce:
Thanks to great organizations like GRID Alternatives Mid-Atlantic, Civic Works, and Power52, the local workforce is increasingly prepared to meet the demand for solar power in the Mid-Atlantic. In Virginia, the solar industry has leveraged nearly $1 million in public and private funding for SHINE VA, a program that trains workers in ground mount solar installation.
6. Top politicians support solar:
Governor Hogan of Maryland has called for 100% clean energy and plans on introducing new legislation during the 2019-2020 legislative session. Governor Northam has advocated for solar, saying that “Solar energy is a rapidly growing segment of our economy, and I am proud that the Commonwealth is playing a role in driving this demand and taking advantage of the benefits that this resource provides.” And in DC, Mayor Bowser has a Clean Energy Plan and signed the Clean Energy DC Omnibus Amendment Act of 2018 in January 2019, doubling the required amount of solar deployed in the district.
7. Increasing development of community solar power:
Maryland's community solar program is hot - the first projects have been successfully constructed and there's more on the way. In 2019, the program was extended another three years. Meanwhile, Dominion issued a community solar RFP in June.
8. The Largest SEIA Affiliate Outside California:
MDV-SEIA is active each legislative session advancing bills to grow the solar industry; with offices in DC and VA, and lobbying firms serving the association in Annapolis and Richmond. MDV-SEIA advocates for 160+ solar companies in the region - representing over 10,000 solar workers.