An SREC solution that lets you benefit from the risk reward of the spot market with no effort required. You leverage the collective bargaining power of our large portfolio and receive the highest market prices available.
How It Works
We register your system in all applicable states at no charge. Once you are registered, we sell your SRECs at the highest prices available on the open market. We only enter into SREC purchase agreements that clear our aggressive hurdles, which means that you receive the highest market prices without having to worry about setting competitive floor prices and selling your SRECs.
If your SRECs can be sold on the spot market, we will send you a quarterly payment that reflects the weighted average price of SRECs, minus our transaction fee. Sol Brokerage has a 1–year commitment, after which customers may opt to change into a (lower risk) Sol Annuity or Sol Upfront contract at any time.
Customers that select Sol Brokerage are eligible to receive a quarterly SREC payment and are paid the weighted average price of all SREC sales in that quarter. Our approach differs from SREC brokers and auction-based platforms in that we have in-house experts who are constantly monitoring SREC markets, communicating with SREC buyers (mainly utilities and energy suppliers), and achieving the highest market-based SREC prices available on behalf of our customers.
For example, if the Sol Systems portfolio team sells Maryland SRECs on behalf of three Sol Brokerage customers in Q1 of 2020, the below table demonstrates the hypothetical volume and price details of each transaction. Although the spot market value declined throughout the quarter, all three customers would receive the weighted average price of $136.88 per Maryland SREC sold that quarter.
||# of SRECs
|Q1 Weighted Average Price