In SREC state markets, the Renewable Portfolio Standard (RPS) requires electricity suppliers to secure a portion of their electricity from solar generators. The SREC program provides a means for Solar Renewable Energy Certificates (SRECs) to be created for every megawatt-hour of solar electricity created.
The SREC is sold separately from the electricity and represents the "solar" aspect of the electricity that was produced. The value of an SREC is determined by the market subject to supply and demand constraints. SRECs can be sold to electricity suppliers needing to meet their solar RPS requirement. The market is typically capped by a fine or solar alternative compliance payment (SACP) paid by any electricity suppliers for every SREC they fall short of the requirement.
SRECTrade works with many installation companies. You should be able to sign up for the EasyREC service through your installer. If not, you can sign up directly on SRECTrade.com
Sign up with SRECTrade and we handle all the complexities of getting set up with the required regulatory bodies so that you can start generating and selling SRECs as soon as possible!
Once setup, your system should create its first SRECs 2 months later (or within 6 months if you are in MA).
Your system generates electricity
Your previous month's production is registered on SRECTrade (or PTS if you're in MA)
SRECs are created and appear in your SRECTrade account automatically as they are issued by the registry
SRECTrade sells your SRECs and you are paid within 15 business days
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And we're adding more every day!