Tag Archives: Solar Renewable Energy Certificates (SRECs)

About solar incentives

Solar Massachusetts Renewable Target (SMART): Massachusetts’ SREC replacement program

new MA solar incentive

Massachusetts has always been one of the best states for solar. Not only does the Bay State have the high electricity rates that lead to a short payback period for your solar investment – it also has a history of having strong solar incentives for property owners looking to own a solar panel system.

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2017 SREC Prices: Explaining How to Sell Your RECs in the U.S.

srec prices ma nj and dc

What are SRECs?

If you’ve been researching the best solar energy incentives available in 2016, you have likely heard something about solar renewable energy credits (SRECs). SRECs are a tradable commodity that you obtain from owning a solar panel system and producing clean energy. Because of a common state requirement known as the Renewable Portfolio Standard (RPS), utilities in 30 different states must generate a certain percentage of their energy from renewable sources, typically at least 20 percent. In six states and Washington D.C., the RPS specifies that a certain percentage of the renewable energy produced must come from solar power. States with this type of “solar carve out” are willing to pay significant amounts of money to take credit for the power generated by solar homeowners.

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What is Net Metering? SRECs comparison

what is an srec graphic People often think SRECs and net-metering are the same thing, but really, the comparison is like apples to oranges. It’s true that they are both important to getting the best financial results from your solar PV system, but SRECs and net-metering actually have very different, distinct functions.

SRECs are a way to put cash in your pockets while net-metering is an efficient way to manage the finances related to your utility bill. Both can have positive financial effects and understanding the difference between the two can help you, as the owner of a solar PV system, to maximize the benefits of both. Here’s how it all works: Continue reading

How do SRECs work? Solar Renewable Energy Credits primer

Of all the incentives for installing solar panel systems, solar renewable energy certificates (SRECs) are some of the most potent, yet least-understood. You may have heard enigmatic terms like “SREC markets,” “solar renewable portfolio standards,” and “minimum compliance payments” thrown around in discussions about SRECS, but sifting through of all this jargon can be downright mind-numbing. However, SRECs can provide sizable streams of money to owners of solar power systems, so learning about what SRECs are, where they are available, and how they can make solar more financially-rewarding can, quite literally, pay off in a big way. In this article we aim to answer the simple questions: “how do SRECs work?”
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How Roof Angle Can Affect Solar Panel Performance

There are a lot of factors that can affect the performance of your solar panels and the economic benefits they can generate—things such as where you live and how sunny it is, how much you pay for electricity, which way your house faces—even the pitch of your roof. Variety is the spice of life, but the diversity of our architecture can affect the performance of solar panels. It’s important to understand how those differences in production performance related to the angle of your roof will affect the overall financial performance of your solar power system. Continue reading

Should I Go Solar Now or Wait?

should I go solar now or wait EnergySage graphic

For those asking themselves “should I go solar”, the cost of solar installation has fallen every year, and 2015 was no different. According to Lawrence Berkeley National Laboratory, installing a residential solar energy system cost eight percent less in 2015 than in 2014, which is great news for today’s solar shoppers. But the ever-decreasing costs of solar create a conundrum: should I go solar now or wait? For many, daily headlines that declare lower and lower prices can stir them to action. For others though, these same headlines can cause them to wait a few more years in hopes of saving even more money. So who’s right?

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Are Massachusetts’ Solar Incentives the Best in the Country?

Massachusetts solar incentives with energysage

When you think of Massachusetts, you may think of the historical city of Boston, its championship sports teams, or distinctive pronunciation of the letter “R”. Now, it’s time to add a new association to the list because Massachusetts solar incentives and programs are now considered some of the best in the country. In this article, we break down these incentives and explain why solar panels are such a great investment in Massachusetts in 2016.

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Does My Solar Roof Have to Face South?

Understanding Solar Roof and Solar Panel Orientation

You don’t need optimal conditions for your solar power system to be a great investment. One of the biggest myths about the financial viability of solar is that it requires a really sunny location and a south facing roof. While these may be ideal conditions, folks outside of Southern California with roofs that face other points on the compass, such as east to west-facing roofs, can still satisfy most of their electricity needs and reap significant financial returns when they adopt solar power systems.

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Top 5 Reasons Why Solar Panels Are Worth It in Massachusetts

Solar panels popular in Massachusetts graphic

Massachusetts is considered a leading solar state. Find out why solar is so popular

Despite the state’s reputation for its cold, snowy winters, going solar is in fact a great way for Massachusetts residents to save money on their power bills. In this article we take a look at why solar panels are such a great investment for your home or business in Massachusetts.

Why are solar panels so popular in Massachusetts?

2015 was a big year for residential solar power for the USA. Massachusetts is going to be one of the states that leads the way as more and more Massachusetts homeowners and businesses discover the benefits of rooftop solar panels in MA. Once a state filled with underserved renewable demand, Massachusetts is starting to heat up as a leading solar state, according to various data reports.  Continue reading

Solar Panels for Businesses: Does Commercial Solar Make Sense?

Commercial solar benefits for business

If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.

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