If you are new to Stormwater Retention Credits (SRCs) and Off-site Retention Volume (Offv), please visit the SRC Trading program [link to https://doee.dc.gov/src] page first for an overview.
Instructions (step-by-step)
Overview
In most cases, to comply with an Offv requirement you must purchase and use High-Impact SRCs. To complete an application to use SRCs, you must have an account in DOEE's Surface and Groundwater System (SGS). The SRC & Offv section of the SGS has information about your SRC & Offv portfolio, including upcoming deadlines, application instructions, and your assigned DOEE Offv contact.
When you are ready to purchase SRCs, you will use your SGS account to search the SRC Registry to find High-Impact SRCs for sale. You can contact multiple sellers and negotiate the price. You should sign a purchase contract with the seller you select. DOEE provides a template contract that you can customize. The seller will enter info in the SGS to indicate that they are transferring SRCs to you. Then DOEE will record the SRC transfer and your Offv compliance in the SGS and email a confirmation letter for your records.
You can also generate your own SRCs from another project you own.
Who can purchase and use SRCs for an Offv?
The site owner is responsible for purchasing and using SRCs and will be set up with the required SGS access. The owner can also delegate SGS access to "staff” of the site owner’s SGS organization account or give an “agent” permission to manage their SRC portfolio.
When you sign up for an SGS account, use the comment box on the registration form to describe the access you need. If you are a new site owner, be prepared to provide proof of ownership. If you already have an SGS account and need to set up access, please contact [email protected].
When is my Offv due date?
The Offv is due before your project can schedule DOEE’s final construction inspection. After construction is completed, the Offv is due each year on the anniversary of the final construction inspection or the “construction completion date” (as shown in DOEE’s plan records, which could be earlier than the final inspection date). DOEE will remind you of Offv deadlines and guide you through the steps to comply.
How many SRCs do I need for my Offv?
You need to purchase the same number of SRCs as the annual Offv amount stated in the Stormwater Management Plan for your project. You are required to comply with the Offv requirement at least one year at time, but you can also choose to comply for multiple years at once. If your Offv project is located in the Gray Combined Sewer System area, contact [email protected] to learn about the Permanent Offv Compliance option.
How much do SRCs cost?
You can negotiate the SRC cost and review recent sale prices in the SRC Registry (click Final SRC Sale Prices).
DOEE subsidizes some High-Impact SRC sales. The subsidy value increases for larger transaction sizes, which can reduce the price for larger or multi-year SRC transactions.