Solar Renewable Energy Certificate

Solar Renewable Energy Certificates or SREC's  are tradeable certificates that represents the emission-free, clean energy that a solar system produces.

New to Massachusetts in 2010, the Department of Energy Resources has implemented a Solar Credit market. This program offers an on-going production incentive for homeowners and businesses with photovoltaic systems.  For every megawatt hour (mWh) of electricity produced, participants earn one SREC, or Solar Renewable Energy Certificate, which can then be sold to electric utilities needing to meet state renewable energy mandates.  In 2010, its first year, this market projects to add a minimum of 30 cents and a maximum of 60 cents to the value of each kilowatt hour of electricity produced, dramatically reducing payback periods and skyrocketing return on investment for solar system owners.

An SREC is sold separately from the electric power the system generates. In other words, it doesn't matter how much energy you use, you are credited with (and may sell) the full amount the system produces.

1 SREC = 1,000 kWh of solar electricity = 1 MWh of solar electricity

10 kW of solar capacity =~ 12 SREC's per year

1 SREC = $300-$550 *subject to change

Second Generation Energy and our sister company SunDial LLC are offering pre-paid Solar-REC's or SREC's  for new residential customers! This promotion is intended to help make solar energy more affordable by reducing the capital investment required. Contact us  or call 800-653-4270 for more details, conditions and restrictions apply.

Read more about Solar Renewable Energy Certificates here...