Given the relevance of SRECs in financing solar, SRECTrade has been involved with the Distributed Solar Finance & Investment Summit for the past few years and will be attending Distributed Solar East this summer in New Jersey. The event runs June 8th-10th, 2011 in Newark, NJ and is one of the best opportunities to network with a variety of stakeholders in the solar financing world.
For more information or to register, visit the event’s website.
BBC world news is scheduled to feature the installation of solar panels on a home in Morgan County on BBC World News America’s 7 p.m. broadcast tonight. The piece was filmed on Thursday at the home of Dr. Donald and Selma Straus. The panels for the installation were provided by Mountain View Solar & Wind LLC, the largest solar and wind energy system installer in West Virginia. MVSW installs for both private homes, and for businesses, and hopes to use the publicity from the showing to get the word out about home and community-based renewable energy.
We are excited to see our partners at Mountain View Solar & Wind receive this recognition for their strong efforts in developing the solar industry in West Virginia. MVWS has been a pioneering force for solar in the state, helping their customers sell into the Washington DC and Pennsylvania platforms.
For more information on this story, see here, and be sure to tune in tonight to BBC World News America at 7:00 to see!
In the spirit of Thanksgiving, we’d like to thank a couple folks who have recently written about our services.
Dave is a new solar owner from New Jersey who has chronicled his experience going solar in his blog at solarpowr.blogspot.com. In writing about his journey to go solar, Dave has shed a great deal of light on the entire process. He’s been an advocate for our services and we are excited to get him started!
One of the the things we love about our business is the role we play in enabling solar. Matt of PIMBY Energy, LLC (i.e. Power-In-My-Back-Yard) recently signed up with us and sold his first SRECs in the PA market. He also wrote about his first experience selling SRECs. The exciting part of this news is that Matt is an installer in West Virginia, a state without an SREC program! Because he is in the PJM region, his SRECs are eligible for registration in PA, OH and potentially DC. Since Matt was registered in PA, his SRECs were sold in our November PA SREC auction. If you are in West Virginia or Virginia, we encourage you to reach out to PIMBY to find out more.
Happy Thanksgiving! We hope you have a wonderful holiday.
TweetClients who choose to sign up for the EasyREC SREC management service will be able to automate the process of creating and trading their SRECs. Benefits of the service are listed here:
Completely hands-free: we manage the sale of your SRECs at market prices
Set a minimum: you control the price at which your SRECs are sold
Generator registration service: SRECTrade will register and manage your generating unit in GATS
SREC creation: we handle and monitor the creation of your SRECs
SREC transactions: we process all transactions on your behalf and send you a check
Account management: SRECTrade can provide a detailed account history like this:
EasyREC Account History
Selling SRECs online in the monthly auctions is free. However, the hands-free EasyREC service will be provided at a management fee of 3% of the transaction price. This fee will cover the administrative costs involved with implementing the service on behalf of our EasyREC clients. The fee is taken out when payments are made to sellers. So if SRECs sell for $500, SRECTrade will send EasyREC clients $485.
TweetThis is the first of what we hope will be many posts focused on the solar credit market. SRECTrade has now been operating our online exchange in New Jersey for nine months. Since then, we’ve seen the actual value received by solar owners for their credits rise considerably. More importantly, the rest of the market seems to be catching up as the quotes our clients are hearing from brokers and aggregators are on the rise. To the extent to which our public auctions have influenced this, we have succeeded in what we originally set out to accomplish.
Our approach has been met with a considerable amount of enthusiasm from solar owners in search of ways to get the best value for their SRECs. We’ve captured some of this feedback on our Testimonials page. Small business owners and individual home owners who have made the choice to go solar have had little guidance about the SREC market. Questions loomed about how it worked, where to sell these SRECs and how to value them. With our SREC Program Information page, we set out to describe the SREC program in layman’s terms and give our clients a clear understanding of what influenced SREC pricing. In addition to that, our auction clearing prices, as determined by supply and demand, have brought a visibility to the market that had not existed before. The benefits to our clients are clear, but we are also finding that our public pricing model is generating much interest from other traders, investors, universities and even neighboring state governments.
We launched this venture because we believed there was a missing link in the SREC model and our goal remains the same: bring efficiency to an inefficient market, creating and delivering value to the solar generators. Recently, we came across a blog post by Dave Conifer who was installing a solar system for the first time and writing about it at http://solarpowr.blogspot.com/. His story really narrowed in on the exact issue that we are trying to address. While we were encouraged to know that we turned out to be exactly what Dave was looking for, it was a telling reminder that we still have a long way to go in getting the attention of installation companies as an alternative to the brokers they have been recommending.
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