What are SRECS?
SRECS or, solar renewable energy credits are the environmental attributes of your solar energy systems and have a monetary value based on the clean energy production of that system. Here’s how they are valued:
1 SREC = 1,000 kilowatt hours (kWh) or 1,000,000 W or 1 Megawatt hour (MWh)
For every SREC produced by your solar system for the 30+ year life of the system, you are can earn a recurring income stream from your solar investment while benefitting from the energy savings on utility bill.
Who Buys SRECS?
Many states have laws called Renewable Portfolio Standards (RPS) that require a percentage of all energy sales in that state to come from renewable sources like solar. Load Serving Entities (LSE) like utility companies are required to purchase SRECS and their associated green power to offset the polluting brown power. If they don’t meet their RPS requirements, they are forced to pay a fine or penalty by the state called a Solar Alternative Compliance Payment (SACP).
Maximize your Solar Investment with Greenspring Energy
As an SREC Aggregator, Greenspring Energy purchases your solar renewable energy credits from you and sells them to SREC buyers, and in turn, you will receive the money from the SREC sale at a fixed price
As one of the largest solar providers in the region, we’re able to aggregate the value of all our customer’s systems and negotiate the best possible price with utility companies and other major buyers
Our dedicated staff will take care of all the paperwork for you to ensure you get the most dollars back in your pocket from the SRECS you produce
Even if you didn’t get your system installed by us, we’ll help you sell your SRECS
Learn more about energy credits as solar incentives or contact us for a free site survey today.