Hi , I saw your questions popup in my google alert for SREC and wanted
to address them....
Assume that I have a friend that has a new solar array installed with
total of 90 panels. It is a 20kw system. He indicates that he is
to get 25 sREC's per?? Solar Renewable Energy Credits
A 20 KW systems is projected to create 25 Mwh per year, which equals
25 SRECs (solar renewable energy credits) per year.
Is there a market??
Yes, there are SREC markets in certain states (Delaware, Indiana,
Kentucky, Maryland, Massachusetts, Michigan, New Jersey, North
Carolina, Ohio, Pennsylvania, Virginia, Washington, D.C., and West
What is there value range??
The states listed above have SREC values between $00-650 with New
Jersey being the highest.
Who would be the buyer(s)??
The likely buyer for SRECs from a 20 kw system would be an SREC
aggregator, like my company, Sol Systems. We aggregate SRECs from
residential and commercial solar energy system owners, and ultimately
sell SRECs to utilities or energy suppliers who have an RPS (Renewable
Portfolio Standard) obligation to meet (state mandated legislation
that promotes alternative energies). If the utility doesn't obtain
their legislated amount of SRECs they will have to pay a fine, known
as an ACP (alternative compliance payment)
What does it take to broker these sREC's??
Not sure what you mean.
Looking for some insight on this REC thing. If this is the wrong
ask the above please let me know. And if there is a better site or
for these questions I would appreciate on knowing that as well.
See www.solsystemscompany.com and our SREC Knowledge Center for a lot
more information about SRECs and how to sell them through long term
Thanks for the response.
Maybe I used a wrong word but I am interested in getting information as to
what the requirement are to be a broker for the sREC's. My friend has asked
me to take care of the registering and selling the sREC's for him.
So far I understand that I would have to get a contractual agreement with
him that I would be his agent or "broker" for selling the sREC's for him.
Thanks for the link to your company, I will go and investigate.