A Solar Renewable Energy Certificate (SREC) is a tradable certificate that represents the environmental benefits of one megawatt-hour (MWh) of electricity generated from a solar energy system. SRECs were created as a way to incentivize the adoption of solar energy systems by providing financial compensation for the clean energy they produce.
SRECTrade.com is an online marketplace where solar energy system owners can sell their SRECs to utilities or other entities that need to meet renewable energy standards or goals. SRECTrade.com streamlines the process of creating, managing, and selling SRECs by providing a platform for all parties involved.
The enrollment process for SRECTrade.com typically involves the following steps:
Register for an account: Solar energy system owners can create an account on SRECTrade.com by providing basic information about their system and energy production.
Create a project listing: Once registered, system owners can create a project listing that describes their solar energy system, including the location, size, and expected energy production.
Submit documentation: SRECTrade.com requires certain documentation to verify that the solar energy system is eligible for SRECs. This may include interconnection agreements, utility bills, and other relevant documents.
Listing review: After the project listing and documentation have been submitted, SRECTrade.com reviews the information to ensure that the system is eligible for SRECs.
SREC sales: Once a solar energy system is enrolled in the program, SRECTrade.com will list the SRECs for sale on the marketplace. System owners can set a minimum price for their SRECs and will receive payment for each SREC sold.
SRECs provide an additional revenue stream for solar energy system owners, as they can be sold for a profit in addition to the energy savings already realized from the system. They also serve as a way to encourage the development of solar energy systems by making them financially feasible for homeowners and businesses.