EY2026 DC SRECs settled at $387.50 on October 21, 2026. That is 88.1% of the $440 2026 ACP and the highest EY2026 price this year (Flett Exchange DC SREC dashboard).

Since April, prices have followed what the Mayor's office says about SREC costs. The FY27 budget passed with no change to the RPS, and the debate now moves to the FY28 budget next spring.

The Annual ACP level sets a price ceiling for DC SREC prices.

The Solar Alternative Compliance Payment (ACP) is the fine a supplier pays for each SREC it fails to retire. That makes it the practical price ceiling. The ACP is $440 for 2026 and drops $20 a year, to $420 in 2027 and $400 in 2028 (Flett Exchange DC market specifications). The gap between price and ACP roughly measures how much political risk buyers are pricing in.

What changed

• Mayor Bowser told the City Council that DC SRECs are the highest-priced in the country and that their cost will double to $40 a month by 2029 if nothing changes (Mayor's letter).
• Her July plan proposes returning to a 10% local solar target (current law is 15% by 2041), extending the deadlines, and lowering the SREC price ceiling, while saying it would "preserve existing solar investments" (Energy Affordability Plan). This was an extremely bearish price catalyst for obvious reasons.
• The outcome so far: Theenacted FY27 Budget Support Act does not amend the RPS.
• Supply: DC now has more certified solar than the requirement calls for (DC PSC), so prices no longer need to sit near the ACP for buyers to fill their requirements. This means that their is downward momentum on price in the market due to oversupply; expect the DC SREC product to trade at a steeper discount to ACP going forward, provided that the supply of DC SRECs outpaces the annual RPS requirement.

What to watch

• A new mayor will come in and have to deal with anestimated $680 million gap for the FY 2028 budget. Flett Exchange believes that these issues and low liquidity due to lack of certainty to persist during budget hearings next year. DC Solar owners should generate and sell their SRECs as often as possible.
• Democratic nominee Janeese Lewis George was theonly Council vote against the 2022 law that raised the solar target.

Bottom line

Prices have recovered to 88% of the ACP while the Council is focused on taxes. Flett Exchange does not fundamentally believe that any new relevant information has entered the market, and our view is that despite the recent positive price momentum, budget issues and DC City Council hostility to the District's RPS requirement should be expected.