Clean Fuels Market Update – Feb. 2022

Posted February 16th, 2022 by SRECTrade.

The February 2022 Clean Fuels Market Update covers the latest information on clean fuel programs, pricing trends, policy updates, grant programs, and related news. Highlights from this edition include: 

  • The California LCFS market saw an increase in the credit bank of nearly 433k credits, its largest credit increase since 2016
  • The Oregon Clean Fuels Program (CFP) pricing for Q4 2021 remained steady at approximately $125 per credit
  • New Mexico continues efforts to enact a Clean Fuel Standard

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

SRECTrade Expands 3G replacement program to include SolarEdge in PJM Markets

Posted February 9th, 2022 by SRECTrade.

Providers are starting to  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.

As a result of this phaseout, these modems/meters will fall out of compliance for the minting of RECs and receipt of 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 or meters and replace them with new 4G/5G modems or meters that follow the regulations and network communications needed for verified REC payments to system owners.

System owners who choose not to upgrade could soon stop receiving REC payments, negatively impacting their 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, with a registration deadline of Wednesday, February 23, 2022.

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

Next Steps

If you are a SRECTrade client receiving REC payments, the process begins by visiting the replacement program entry page to help determine whether you need a meter replacement or a modem replacement:

Replace Your Meter – 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 meter 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. 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).
  2. Who 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.
  3. How much will a new meter cost?
    • SRECTrade negotiated a lower-than-market price for the modem of $534.00; however, you’re eligible for a 20% in-market price discount on your modem if you register for your replacement by Wednesday, February 23, 2022. That means a reduced price on the modem of $464.20*, but you’ve got to book in this time frame for when 365 Pronto is conducting the work in your area.
    • *Disclaimer: Price is subject to i) applicable sales tax on equipment and ii) change, based on availability and when you reserve your meter. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation.
  4. 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 by Wednesday, February 23, 2022 and reserve your discounted price.
  5. When will my new meter be installed?
    • The ongoing effects of the pandemic have caused worker shortages, which have impacted factory production of goods, including meters. Delays at major ports have slowed down shipping and delivery schedules even more.
    • 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 in the garage, it may be necessary for you to be present during the installation.
  6. 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 SRECTrade account, please see question 13 on who to contact.
  7. How do I know my meter is working?
    • We understand that there is a delay between when your output is recorded and when your RECs are minted. We will provide email confirmation to let you know that the system is working. If you have questions about your SRECTrade account, please see question 13 on who to contact.
  8. Will my meter stop working after the REC deadline and interrupt my RECs?
    • Your meter 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 questions about your SRECTrade account, please see question 13 on who to contact.
  9. What is the meter model type and manufacturer that is being used for the replacement(s)? Is it up to the installer?
    • Installers do not have a choice in the type of replacement meter they install. They will replace your meter with the Cat M1 ArrayMeter.
  10. Whom should I contact to cancel a 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.
  11.  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. Information is captured by 365 Pronto through our platform and stored on AWS servers. 365 Pronto is an AWS native platform, and for that reason, we use the Well-Architected framework provided by that cloud provider. We follow the design principles proposed in their security pillar. These include principles such as (1) Implementing a strong identity foundation, (2) Enabling traceability, (3) Applying security at all layers, (4) Automating security best practices, (5) Protecting data in transit and at rest, (6) Keeping people away from our data, and (7) Preparation for security events. Anyone with additional questions should reach out to support@365pronto.com.
  12. Is there a 365 Pronto customer service phone number to call for assistance with registering? 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 customers with the process, they need to access our platform to purchase their meter. They can log into the sign-up wizard from any browser on a phone, laptop, or device of their choice. Anyone with questions should reach out to support@365pronto.com.
  13. Who do I contact at SRECTrade if I have questions or need assistance?
    • Please use one of the following email addresses based on where your solar system is certified.
      1. Delaware (DE): de.renewables@srectrade.com
      2. District of Columbia (DC): dc.renewables@srectrade.com
      3. Illinois (IL): il.renewables@srectrade.com
      4. Maryland (MD): md.renewables@srectrade.com
      5. Massachusetts (MA): ma.renewables@srectrade.com
      6. New Jersey (NJ): nj.renewables@srectrade.com
      7. Ohio (OH): oh.renewables@srectrade.com
      8. Pennsylvania (PA): pa.renewables@srectrade.com
      9. Virginia (VA): va.renewables@srectrade.com

DC Public Service Commission RGM Revised Rulemaking

Posted February 4th, 2022 by SRECTrade.

Overview

On August 13, 2021, the Public Service Commission of the District of Columbia (Commission) published a Notice of Proposed Rulemaking (NOPR) 68 DCR 008076 to amend Sections 2902, 2903, and 2999 to require all renewable generating facilities to account for their electricity output through the use of a revenue-grade production meter (RGM).

The original NOPR required all previously certified facilities to report energy and production data with revenue-grade meter or inverter-based equipment. After an extended comment period, the Commission no longer requires previously registered facilities to install a revenue-grade meter. These systems will be grandfathered in.

New Requirements

On January 28, 2022, under the second NOPR RM29-2021-01, the Commission announced that it now requires all new systems to “utilize a meter or inverter-based production measurement equipment to report revenue-grade energy production data to PJM-EIS GATS.” The comment period ends on February 28, 2022 and the final ruling will come there after.

Moving forward, the requirements for a revenue-grade meter on all new systems located in the District of Columbia, including any Maryland sited systems located on a DC Feeder line, will assist in reaching the RPS goal of 5% Renewable Solar Energy by 2032.

The Commission defines a revenue-grade meter as:

“Revenue-Grade Generation Meter – A meter used by a behind-the-meter generator or CREF that measures the generated electricity at the AC output of an inverter, is capable of recording the cumulative kilowatt hours that the generator produces which meets the latest American National Standards Institute (ANSI) C-12.20 standard including an accuracy deviation no greater than +/- 0.5%, and that easily displays all collected data and retains lifetime production even in the event of a power outage.”

SRECTrade

SRECTrade is dedicated to providing operational assistance in managing SRECs amongst available regions. As legislative changes frequently occur, we strive to help systems remain compliant with updated rules and regulations. We are available for questions or concerns at your convenience.

SRECTrade Expands Partnership With 365 Pronto For Solar-Log Meter Replacements

Posted January 26th, 2022 by SRECTrade.

As early as this February, 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. Depending on the component makeup of that particular system, this can be either a revenue-grade meter or the CDMA/GSM modem within certain inverter models.

As a result of this phaseout, these modems/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 3G modems or meters and replace them with new 4G/5G modems or 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 this equipment swapped out, system owners who choose not to upgrade will soon stop receiving quarterly SREC payments, negatively impacting their 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 Monday, February 7, 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 quarterly SREC credit payments for Massachusetts residents. For systems larger than the average, the loss could be 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 help determine whether you need a meter replacement or a modem replacement:

Replace Your Meter – 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 meter 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 revenue-grade meter?
    • The meter is what your solar system uses to communicate your solar output with SRECTrade. Without this meter, we 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?
    • SRECTrade negotiated a lower-than-market price for this work of $1,193.40; however, you’re eligible for a 20% in-market price discount on your meter if you register for your replacement before Monday, February 7, 2022. That means a reduced price of $998.70*, but you’ve got to book in this time frame for when 365 Pronto is conducting the work in your area.
    • *Disclaimer: Price is subject to i) applicable sales tax on equipment and ii) change, based on availability and when you reserve your meter. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the 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 meter replacement with 365 Pronto before Monday, February 7, 2022 and reserve your discounted price.
  6. When will my new meter be installed?
    • The ongoing effects of the pandemic have caused worker shortages, which have impacted factory production of goods, including meter. Delays at major ports have slowed down shipping and delivery schedules even more.
    • 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 in the garage, it may be necessary for you 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.
  9. Will my meter stop working after the SREC deadline and interrupt my SRECs?
    • Your meter 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.
  10. What is the meter model type and manufacturer that is being used for the replacement(s)? Is it up to the installer?
    • Installers do not have a choice in the type of replacement meter they install. They will replace your meter with the Cat M1 ArrayMeter.
  11. Whom should I contact to cancel a 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.
  12. 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. Information is captured by 365 Pronto through our platform and stored on AWS servers. 365 Pronto is an AWS native platform, and for that reason, we use the Well-Architected framework provided by that cloud provider. We follow the design principles proposed in their security pillar. These include principles such as (1) Implementing a strong identity foundation, (2) Enabling traceability, (3) Applying security at all layers, (4) Automating security best practices, (5) Protecting data in transit and at rest, (6) Keeping people away from our data, and (7) Preparation for security events. Anyone with additional questions should reach out to support@365pronto.com.
  13. Is there a 365 Pronto customer service phone number to call for assistance with registering? 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 customers with the process, they need to access our platform to purchase their meter. They can log into the sign-up wizard from any browser on a phone, laptop, or device of their choice. Anyone with questions should reach out to support@365pronto.com.

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.