What are the problems associated with it and how much will it cost to fix it?
SRS light is on on 2000 Honda Accord
There are two common things that I see in this year Accord. The most common is the drivers seat belt buckle switch and the second is the OPDS system. The seat belt buckle is usually covered under Honda's lifetime seat belt warranty and the OPDS system can be covered also depending upon certain criteria. It would be in your best interest to take it to the dealer to have it diagnosed.
You will need to have a diagnosis performed to know what is wrong, this is normally about 1 hour of labor to check it out.