Melt ponds occupy a large part of the Arctic sea ice in summer and strongly affect the radiative budget of the atmosphere–ice–ocean system. The melt pond reflectance is modeled in the framework of the radiative transfer theory and validated with field observations. It improves understanding of melting sea ice and enables better parameterization of the surface in Arctic atmospheric remote sensing (clouds, aerosols, trace gases) and re-evaluating Arctic climatic feedbacks at a new accuracy level.