What are SRECs?
To put it simply, a Solar Renewable Energy Certificate (SREC) is your reward for producing solar energy. Solar homeowners are issued 1 SREC for every 1,000 kilowatt-hours (kWh), or 1 megawatt-hour (MWh) of solar generation they produce. The value of an SREC, like a stock, is tradeable, fluctuates based on the market, and changes over time. SRECs are sold separately from the electricity itself, providing another incentive in addition to net metering.
How do I sell my SRECs?
Sol Systems’ trading team provides our 8,000+ customers with unmatched SREC services through our three pricing options.
How much are SRECs worth?
Prices of SRECs fluctuate due to multiple factors. Predominantly, prices are determined by the amount of a state's solar generation (supply) and the amount of solar energy utilities are required to use (demand). Price ceilings are set by the Alternative Compliance Payment (ACP), which varies across states. See what SRECs are worth in your state on our Current State Pricing page.
How many SRECs will my system generate?
A good rule of thumb is that a given system produces 1.2 times as many SRECs as its size in kilowatts (kW). In other words, a 10 kW system usually produces around 12 SRECs per year; a 5 kW system will produce around 6 SRECs per year. However, this is a rough estimate that doesn’t account for shading on panels nor weather or hours of sunlight, all of which affect a system’s SREC production. To get a more accurate estimate, calculate your estimate with the National Renewable Energy Laboratory's tool, PV Watts. Keep in mind that you'll receive 1 SREC for every 1,000 kilowatt-hours (kWh) of energy produced by your system.
See Financing Options in Your State
SREC markets vary by state. See what contracts Sol Systems is offering in yours.