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.
Signing Up for SRECs
You'll need to submit a signed contract to complete sign up, along with system specs and your interconnection agreement. Our team will take it from there.
How to report SREC Production
Since SRECs are based on energy production, system owners often have to report their energy production to earn SRECs. System owners can automate their energy production reporting if their system has remote monitoring.