Happy Holidays from the SRECTrade Team

Posted December 23rd, 2021 by SRECTrade.

SRECTrade Continues Partnership With 365 Pronto For SolarEdge Modem Replacements

Posted December 20th, 2021 by SRECTrade.

Next year, telecommunications providers will phase out their support of more than 22 million 3G communications devices—including critical equipment your solar system uses to measure, record, and communicate production data such as the CDMA/GSM modem within certain SolarEdge inverter models.

As a result of this phaseout, these modems will fall out of compliance for the minting of SRECs and receipt of quarterly payments to solar system owners.

To prevent this sunset from impacting you, SRECTrade has partnered with 365 Pronto to remove and dispose of old 3G modems and replace them with new 4G/5G modems that follow the regulations and network communications needed for verified SREC payments to system owners.

While there is no fine or penalty for not having this equipment swapped out, system owners who choose not to upgrade will soon stop receiving quarterly SREC payments, negatively impacting the expected return on investment from their solar installation(s).

Pricing, Payment, and Rollout
System owners are responsible for the cost of this replacement equipment and related labor. SRECTrade is committed to helping our customers keep costs low, so we have negotiated preferred pricing with 365 Pronto, our technology and logistics partner. This pricing is conditional on the system owner registering for the replacement in a timely manner when the rollout has reached their geographical region.

The rollout is being conducted in phases and is currently underway in Massachusetts, with a registration deadline of Saturday, January 8, 2022.

If you delay the registration—or do so outside the period within your region—we cannot guarantee the agreed-upon preferred price.

Massachusetts SREC Market
Current SREC market prices are around $300/MWh/SREC. For the average system size of 7 kW, this represents a potential loss of $2,100 per year in SREC credit payments for Massachusetts residents. For systems larger than the average, the loss is even greater.

Next Steps
If you are a Massachusetts resident receiving quarterly SREC payments, the process begins by visiting the replacement program entry page to initiate your modem replacement:

Replace Your Modem – Sign Up with 365 Pronto

From there you’ll complete a simple, step-by-step, online interface to register your system.

Completing the application to register your system takes less than 10 minutes. You will be asked to:

  1. Verify the accuracy of our records about your system and site location
  2. Make an initial payment for the work to commence
  3. Provide the best contact information for a local provider to contact you and schedule the work

We estimate that your modem will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your equipment in stock, they will reach out to you to schedule the installation. In many cases, the homeowner does not have to be present during the installation.

Frequently Asked Questions

  1. What is a CDMA/GSM modem?
    • For cellular-based monitoring to function, solar inverters contain a modem operating on Global Systems for Mobile (GSM) or CDMA, a radio network used by wireless carriers. These networks are more commonly referred to as 2G and 3G and were widely used in the early years of cellular communication technology, with CDMA being the predominant network in the U.S.
  2. Why is this replacement necessary?
    • Wireless communications protocols become obsolete over time, and the wireless carriers (Verizon, AT&T, etc.) are phasing out old networks (2G/3G) in favor of faster, upgraded networks. Many solar systems installed more than three years ago likely have equipment designed for the network technology of the time (2G/3G).
  3. What is 365 Pronto?
    • 365 Pronto is our technology and logistics partner. It is a technology platform company matching asset owners (you) with an on-demand qualified workforce (local service providers) through automated technology. Because of its unique model, it can service the entirety of SRECTrade’s systems under trading.
  4. How much will a new modem cost?
    • Through our partnership, we were able to negotiate a special lower-than-market price just for Massachusetts SREC Trade customers. This price includes all parts and installation, plus a five-year data plan.  You should act now, because next month, 365 Pronto providers will be conducting work in your area. If you reserve your modem replacement slot by Saturday, January 8, 2022 , you can secure a 20% in-market price discount on your equipment and installation.
  5. Can I use my original installer?
    • Yes, you may contact your installer to ask about having this work performed. However, providers who are not part of the 365 Pronto network may not be able to guarantee the same price. This is why it is important to book your modem replacement with 365 Pronto before Saturday, January 8, 2022, and reserve your discounted price.
  6. When will my new modem be installed?
    • Due to supply limitations, we expect that your modem will be installed between February and March 2022. Once your 365 Pronto service provider has your equipment in stock, they will reach out to you to schedule the installation. At that time, 365 Pronto will process your payment for the installation. In some cases, the homeowner does not have to be present during the installation. However, if the unit is located in the garage it may be necessary for you to be present during the installation.
  7. Will the modem be sent to my home?
    • Yes, the modems will be sent directly to your home. When the modem has shipped, you’ll receive a USPS tracking number per email so you’ll know it’s location at any given moment and when it will arrive.
  8. Do I need to do anything once the new modem is installed?
    • No. Once your new modem is installed, it will begin to communicate your solar output with SRECTrade as normal. If you have questions about your account, please email ma.renewables@srectrade.com.
  9. How do I know my modem is working?
    • We understand that there is a delay between when your output is recorded and when your SRECs are minted. We will provide email confirmation to let you know that the system is working. If you have questions about your account, please email ma.renewables@srectrade.com.
  10. What is the modem type and manufacturer that is being used for the replacement(s)? Is it up to the installer? Does the old modem in any way dictate which new modem will be installed?
    • SolarEdge CELL-A-R05-US-S-S2 or SolarEdge CELL-B-R05-US-S-S2 is the dedicated replacement for the modem.
  11. Do the new modems being installed have internet/ethernet connection capabilities?
    • Both replacement parts are cellular-only, and do not support an internet/ethernet connection.
  12. Who should 365 Pronto clients contact if they want to cancel their work order? Is this possible in the first place?
    • If, on the rare occasion, a customer wishes to cancel an order, they should submit the request to support@365pronto.com.
  13. Is the 365 Pronto Wizard secure?
    • The security of the 365 Pronto platform and website is paramount, and we treat customer information with the utmost care. While we have not received any official reports of notifications related to the security of our site, anyone with questions should reach out to support@365pronto.com.
  14. Is there a 365 Pronto customer service phone number that clients can call for assistance with registering? Related, how can clients sign up if they do not have a computer?
    • Currently, we offer chat support via the website and email support. Although we can help a customer with the process, they do need to access our platform to purchase their modem. They can log into the sign-up wizard from any browser on a phone, laptop, or device of their choice.
  15. Will my modem stop working after January 8th and interrupt my SRECs?
    • Your modem will continue to monitor your output; however, it will no longer communicate directly with SRECTrade after the 3G sunset, which is scheduled to happen as early as February 2022. If you have specific questions about your SREC account, please contact ma.renewables@SRECTrade.com.

*Disclaimer: Price is subject to i) sales tax on equipment and ii) change, based on availability and offering acceptance timing. We expect that your equipment will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your modem in stock, they will reach out to you to schedule the installation.

Clean Fuels Market Update – Nov. 2021

Posted November 23rd, 2021 by SRECTrade.

The November 2021 Clean Fuels Market Update covers everything you need to know about clean fuel programs across North America. Highlights from our newsletter include: 

  • Q2 2021 saw a significant increase in California LCFS credits and deficits generated, with credits oupacing deficits
  • The Oregon Clean Fuels Program (CFP) pricing for Q3 2021 remained steady at approximately $125 per credit
  • The House passed the $1.2 trillion infrastructure bill with $7.5 billion for EV infrastructure
  • SRECTrade, Inc. has joined Xpansiv Ltd. to lead the transition to a low-carbon future

Contact SRECTrade at cleanfuels@srectrade.com or (415) 763-7732 to start generating revenue from your clean fuel assets.

SRECTrade Joins Xpansiv to Lead the Transition to a Low-Carbon Future

Posted November 16th, 2021 by SRECTrade.

SRECTrade is excited to join Xpansiv to lead the transition to a low-carbon future. Now a wholly owned subsidiary of Xpansiv Ltd., SRECTrade, Inc. enables clients to access, manage, and monetize environmental commodities globally.

Together, the companies form a unique team that will leverage their combined capabilities and knowledge to lead the global transition to a clean-energy future. Read the acquisition announcement here.

SRECTrade Partners With 365 Pronto For 3G Sunset

Posted November 4th, 2021 by SRECTrade.

Overview
Next year, telecommunications providers will phase out their support of more than 22 million 3G communications devices—including the revenue-grade meters used for measuring and recording the production of solar energy systems. As a result, these meters will fall out of compliance for the minting of SRECs and receipt of quarterly payments to solar system owners.

To prevent this sunset from impacting you, SRECTrade has partnered with 365 Pronto to remove and dispose of old revenue-grade meters and replace them with new revenue-grade meters that follow the regulations and network communications needed for verified SREC payments to system owners.

While there is no fine or penalty for not having the meter swapped out, system owners who choose not to upgrade their meter(s) could soon stop receiving SREC payments, negatively impacting the expected return on investment from their solar installation(s).

If you have not yet been contacted by us, don’t worry, we’ll be in touch in the coming weeks as the program rolls out.

Pricing, Payment, and Rollout
System owners are responsible for the cost of this replacement equipment and related labor. SRECTrade is committed to helping our customers keep costs low, so we have negotiated preferred pricing with 365 Pronto, our technology and logistics partner. This pricing is conditional on the system owner registering for the replacement in a timely manner when the rollout has reached their geographical region.

The rollout with be conducted in phases and will begin in Massachusetts. If you register before Saturday, November 20, 2021, you’ll be eligible for a 20% in-market price discount on your meter and installation.

If you delay the registration—or do so outside the period within your region—we cannot guarantee the agreed-upon preferred price.

Massachusetts SREC Market
Current SREC market prices are around $300/MWh/SREC. For the average system size of 7 kW, this represents a potential loss of $2,100 per year in quarterly SREC credit payments for Massachusetts residents. For systems larger than the average, the loss is even greater.

Next Steps
If you are a Massachusetts resident and have been recently contacted by us regarding your SREC payments, the process begins by visiting a simple, step-by-step, online interface to register your system:

Replace Your Revenue-Grade Meter – Sign Up with 365 Pronto

Again, if you have not yet been contacted by us, don’t worry, we’ll be in touch in the coming weeks as the program rolls out.

We estimate that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation. In many cases, the homeowner does not have to be present during the installation.

Frequently Asked Questions

  1. What is a revenue-grade meter?
    • The meter is what your solar system uses to communicate your solar output withthe SREC tracking registry. Without this meter, the registry cannot determine how many SRECs to mint to you.
  2. Why is this replacement necessary?
    • Wireless communications protocols become obsolete over time, and the wireless carriers (Verizon, AT&T, etc.) are phasing out old networks (2G/3G) in favor of faster, upgraded networks. Many solar systems installed more than three years ago likely have equipment designed for the network technology of the time (2G/3G).
  3. What is 365 Pronto?
    • 365 Pronto is our technology and logistics partner. It is a technology platform company matching asset owners (you) with an on-demand qualified workforce (local service providers) through automated technology. Because of its unique model, it can service the entirety of SRECTrade’s systems under trading.
  4. How much will a new meter cost?
    • Through our partnership, we were able to negotiate a special lower-than-market price just for Massachusetts SREC Trade customers.  This price includes all parts and installation, plus a one-year cellular data plan.
    • You should act now, because next month, 365 Pronto providers will be conducting work in your area. If you reserve your meter replacement slot by Saturday, November 20, 2021, you can secure a 20% in-market price discount on your meter and installation.
    • You will need to register and purchase your replacement meter before Saturday, November 20, 2021, to secure this discount.
  5. Can I use my original installer?
    • Yes, you may contact your installer to ask about having this work performed. However, providers who are not part of the 365 Pronto network may not be able to guarantee the same price. This is why it is important to book your meter replacement with 365 Pronto before Saturday, November 20, 2021 and reserve your discounted price.
  6. When will my new meter be installed?
    • We expect that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation. At that time, 365 Pronto will process your payment for the installation of your meter. In many cases, the homeowner does not have to be present during the installation.
  7. Do I need to do anything once the new meter is installed?
    • No. Once your new meter is installed, it will begin to communicate your solar output with SRECTrade as normal. If you have questions about your account, please email ma.renewables@srectrade.com.
  8. How do I know my meter is working?
    • We understand that there is a delay between when your output is recorded and when your SRECs are minted. We will provide email confirmation to let you know that the system is working. If you have questions about your account, please email ma.renewables@srectrade.com.

*Disclaimer: Price is subject to i) sales tax on equipment and ii) change, based on availability and offering acceptance timing. We expect that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation.

New Jersey Successor Solar Incentive (SuSI) Program – Webinar

Posted October 7th, 2021 by SRECTrade.

Earlier today, SRECTrade hosted a webinar for New Jersey Successor Solar Incentive (SuSI) Program stakeholders. The webinar reviewed many important facets of the SuSI Program including pricing, the registration process, and market parameters as well as SRECTrade’s participation as a REC management and transaction service provider.

For access to the presentation slides, please click HERE. To view a recording of the webinar, please click the image below.

Yard Management’s Industry Leader Accelerates Drive to Eliminate Emissions

Posted October 6th, 2021 by SRECTrade.

SRECTrade’s turnkey solution helps fund Lazer Spot’s continued deployment and operation of zero-emission yard trucks using renewably generated electricity

ALPHARETTA, GA and SAN FRANCISCO, CA, October 6, 2021 – Today Lazer Spot announced its partnership with SRECTrade to advise and manage the company’s environmental commodities as part of further accelerating Lazer Spot’s long-time drive to reduce vehicle emissions. As the leader in the spotting industry Lazer Spot has reduced emissions for years, operating 100% electric yard trucks since 2017. Informed by these early trials, Lazer Spot has accelerated the deployment of 100% electric yard trucks aided by SRECTrade’s work to optimize funding provided by environmental commodity programs like California’s Low Carbon Fuel Standard (LCFS).

Lazer Spot has led the reduction of vehicle emissions since 2015 with an Idle Reduction Initiative that improved the overall health of its fleet, saved on fuel and reduced emissions. The company now is ahead of the standard industry idle time by almost 30%, saving over 1.5 million gallons of fuel and eliminating over 32 million pounds of CO2 emissions. Two years into this initiative Lazer Spot began deploying its first all-electric yard trucks and is now more aggressively transitioning its fleet while successfully balancing the benefits against higher initial deployment costs.  

SRECTrade’s ability to source renewably generated electricity to power electric trucks is a key part of Lazer Spot’s sustainability strategy. “We wanted a turnkey solution from a partner that could help educate, advise and operationalize these tough new regulatory programs,” said David Stringer, Vice President of Innovation at Lazer Spot. “We also recognized that with our scale, we must leverage every resource to make the tech more affordable, approachable and ultimately more sustainable for our customers and the communities in which we operate – the very same communities in which we live.”

Stringer noted that the transition to EVs has been cost effective and beneficial in many ways. The zero-emission vehicles have led to more efficient workdays, safer working conditions, and greater employee retention. Stringer reflects on Lazer Spot’s transition to renewable energy, saying, “there doesn’t have to be a compromise.” It’s a win for everyone: employees, customers, the environment…and the bottom-line.

SRECTrade advises on and manages Lazer Spot’s environmental commodity portfolio maximizing benefits from complex clean fuel and renewable energy programs – both financial and strategic – as the firm accelerates efforts to decarbonize across its network. Lazer Spot plans to deploy over 30 trucks by the end of 2021 with a goal to get to 100 trucks in 2022.

About Lazer Spot

Lazer Spot is the leading provider of yard management in North America, working at 400+ sites in the USA and Canada for leading manufacturers and retailers. Our task is to move trailers safely and reliably around the yards of our customers’ production plants and distribution centers or between those and outside trailer yards to ensure that each trailer arrives and leaves the correct dock door on a just in time basis. Our name is because we are Lazer focused on customer satisfaction, reliability and safety.

About SRECTrade, Inc.

SRECTrade provides trusted advice, management services, and technology to fund budgets and accelerate deployment of clean transportation and renewable energy assets managing credit generation, sale, and payment under complex regulatory programs. SRECTrade is the largest agent manager of EV assets for the California Low Carbon Fuel Standard (LCFS) and has earned an annual client retention greater than 99% with more than 54,000 unique assets under management and more than 175,000 clean energy assets managed on its technology platform. With presence across 14 regulated markets and 20 tradable products in North America, SRECTrade provides a single partner to accelerate adoption of clean energy and clean transportation equipment and minimizing the time, cost, and risk associated with environmental commodity programs.

The press release can also be found HERE.

New Jersey Successor Solar Incentive (SuSI) Program Webinar

Posted October 1st, 2021 by SRECTrade.

SRECTrade is presenting a webinar on the New Jersey Successor Solar Incentive (SuSI) Program on Thursday, October 7th at 2:00 PM EST. The webinar will review many important facets of the SuSI Program including pricing, the registration process, and market parameters as well as SRECTrade’s participation as a REC management and transaction service provider.

To register for the webinar, please click HERE.

Please note that a webinar recording will be made available on the SRECTrade Blog after the webinar.

Clean Fuels Market Update – August 2021

Posted August 25th, 2021 by SRECTrade.

The August 2021 Clean Fuels Market Update covers everything you need to know about clean fuel programs across North America. Highlights from our newsletter include: 

  • Q12021 saw an increase in deficits generated compared to credits issued
  • DC Fast Charging Infrastructure (FCI) credit issuance doubled in Q12021 
  • SRECTrade now offers renewable energy sourcing in the Oregon CFP
  • EV Charging approved to generate credits in British Columbia starting 2022

Reach out to SRECTrade at cleanfuels@srectrade.com or (415) 763-7732 Ext. 4 to start generating revenue from your clean fuel assets.

New Jersey Successor Solar Incentive Program Approved

Posted July 30th, 2021 by SRECTrade.

On Wednesday, July 28th, the New Jersey Board of Public Utilities (BPU) unanimously approved the highly anticipated Successor Solar Incentive Program (“SuSI Program”). The SuSI Program will support the development of 3,750 megawatts (MW) of new solar generation by 2026, effectively doubling the state’s current solar capacity and driving solar to become approximately 10 percent of the state’s total electricity supply.

Importantly, the SuSI Program will take effect on August 28, 2021, and contains two sub-programs detailed below. Thus, the New Jersey Transition Incentive (TI) Program will close at midnight on Friday, August 27th. TREC applications will be accepted until that date and will be provided with a 5-business day window to correct minor deficiencies, if required, after their review.

  1. The Administratively Determined Incentive (ADI) – a 15-year, fixed-price incentive payment for net-metered solar projects less than or equal to 5 MW in size. This sub-program is inclusive of all residential projects and most commercial and industrial projects, with pricing varying based on project type and size (see table below).
  2. The Competitive Solar Incentive (CSI) – a competitive solicitation for grid supply projects and net metered commercial and industrial projects larger than 5 MW. The first competitive solicitation is projected to launch in early-to-mid 2022.
Incentive levels for the ADI Program, ranging from $70-$120 per SREC-II.

Notably, net-metered residential projects will receive pricing only $1.20/megawatt-hour (MWh) less than their current effective TREC pricing of $91.20/MWh. The incentive value for public entities in each market segment is $20/MWh than their non-public counterparts. Public entities include school districts, municipalities, and public colleges and universities.

SRECTrade will continue to post significant updates on the transition between the current Transition Incentive program and the upcoming SuSI Program as they become available.