Tag Archives: srecs

About solar incentives

buy now or wait for solar

Should I go solar now or wait?

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Reading Time: 3 minutes

For those asking themselves “should I go solar”, the cost of solar installation continues to fall. According to the Solar Energy Industries Association (SEIA), installing a residential solar energy system costs 70% less than it did in 2010, 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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maryland srecs

SRECs in Maryland: prices, projections, and program status

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Reading Time: 2 minutes

If you’re considering installing solar in Maryland, one incentive you should be aware of is solar renewable energy certificates (SRECs). Maryland is one of the few states that offers this performance-based incentive to people generating solar electricity. Property owners in Maryland who buy and install a solar panel system can earn hundreds of dollars each year by selling the SRECs their system generates.

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srecs in massachusetts

SRECs in Massachusetts: prices and program status

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Reading Time: 4 minutes

The Massachusetts solar renewable energy certificate (SREC) program is one of the most advantageous financial incentives for solar available at the state level. Massachusetts property owners who buy and install a solar panel system can earn hundreds (or even thousands) of dollars a year by selling the SRECs the system generates.

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solar massachusetts smart

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

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Reading Time: 5 minutes

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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srec prices ma nj and dc

SREC prices: explaining how to sell your RECs in the U.S.

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Reading Time: 3 minutes

If you’ve been researching the best solar energy incentives available, 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), many utilities must generate a certain percentage of their energy from renewable sources, typically at least 20 percent. In several 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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srectrade overview

SRECTrade: everything you need to know about the leading SREC aggregator

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Reading Time: 4 minutes

Solar energy renewable certificates (SRECs) are some of the most attractive solar incentives available in the United States. Many states with renewable portfolio standards (RPS) have special “solar carve-outs” that require a certain amount of energy production to come from solar. These states use SRECs as a way to promote solar installations and compensate system owners for the energy their panels generate.

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new jersey trec program

NJ TRECs: the Garden State’s transition solar incentive

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Reading Time: 4 minutes

New Jersey has always been one of the best states for solar: higher-than-average electricity rates and strong solar incentives have helped thousands of New Jerseyans achieve quick payback periods on their solar investments. Above all, the state’s renewable portfolio standard and associated solar renewable energy certificate (SREC) market have been instrumental towards growing solar throughout the state. However, in June 2018, the state decided to phase out SRECs in favor of a new, yet-to-be-established successor solar program. In an effort to bridge the gap between SRECs and the next phase of solar incentives, the Garden State decided is implementing an intermediate transition solar incentive, known as TRECs.

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solar panels for businesses

Solar panels for businesses: does commercial solar make sense?

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Reading Time: 4 minutes

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 commercial 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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