Tag Archive | "Clean Energy"

What is an SREC?

What is an SREC?

Posted on 29 July 2011. Tags: , ,

What is an SREC?

SREC, (or Solar REC), stands for Solar Renewable Energy Certificate. An SREC is a certificate which can be traded that represents all the clean energy benefits of electricity generated from your solar electric system. SREC’s will be issued to you regularly as your solar panels generate each 1000 kiloWatt hours (see our solar term g¬lossary). In rough numbers, a 5 kW system will usually earn you almost 6 SREC Credits each year.

How Do I Sell an SREC?
An SREC is sold separately from the electric power the system generates. One way to sell is on an on-line broker, such as Flett Exchange or directly posted on the NJ Clean Energy Web site.

How Much Money is a New Jersey SREC Worth?
The market price of an SREC is determined by supply and demand for SRECs. A number of factors including the cost of a Solar Alternative Compliance Payment (SACP) that utility companies (PSEG, JCPL etc.) are required to pay if they do not buy enough SRECs. The SACP price effectively establishes a price ceiling for an SREC. In early energy year 2009, SRECs are selling for as high as $650 each.

Posted in Solar Company ArticlesComments (0)


How Many Solar Hours Are In Your Area?

Find Solar Potential in Your Location

Want to Learn More?

For more information, fill out the form below and a qualified solar panel installer will contact you.
First Name:
Last Name:
Email:
Phone:

Find A Local Solar Installer

Fill in your zip code to find installers serving your area or browse alphabetically
Zip Code:

RSS Solar Energy News

  • Tracking and Analyzing Energy Legislation Across the US May 23, 2013
    A new online database created by Colorado State University's (CSU) Center for the New Energy Economy (CNEE) aims to serve anyone interested in clean energy legislation in any state in the U.S., or even those who are crafting policy themselves. […]
  • UK Urged to Boost Clean Energy Over Natural Gas May 23, 2013
    Britain, under pressure to build new power stations, could save as much as 100 billion pounds ($150 billion) through 2050 by spending on wind, nuclear and carbon capture rather than gas, the government’s climate adviser said. […]
  • EU Solar Import Duties Seen Hurting China-U.K. Companies May 23, 2013
    The European Union is poised to penalize imports of Chinese solar products, a move that would increase Europe’s cost for most photovoltaic panels an estimated 45 percent overnight. […]
  • Lead-Acid Batteries: Merely A Launch Pad for Something Better? May 23, 2013
    There’s finally been some good news for a change: According to a recent analysis performed by market research company IHS, the market for photovoltaic storage systems is about to boom. In Germany alone, the total capacity is set to increase from eight to 4,900 megawatts (MW) between now and 2017. The success of storage systems is dependent on one condition, […]
  • Streamlined Permitting Can Significantly Reduce Costs, Time for Installing Residential Solar May 23, 2013
    A recent report from the Lawrence Berkeley National Laboratory (LBL) looks at how the permitting process can impact the costs and time it takes to install solar. The report, “The Impact of City-level Permitting Processes on Residential Photovoltaic Installation Prices and Development Times: An Empirical Analysis of Solar Systems in California Citie […]
  • Re-Igniting America's Solar Impulse May 22, 2013
    First came the Wright Brothers. Then it was Charles Lindbergh crossing the Atlantic in the Spirit of St. Louis. In 1990, Eric Raymond made aviation history to much less fanfare with the first solar airplane crossing of the United States. Now it is Bertrand Piccard and André Borschberg making history by flying across America in SOLAR IMPULSE, a 100 […]