Renewable Energy (@SolarEarthGreen)


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Use SRECs to speed up solar payback. Many states require utilities to provide a certain amount of electricity from sources like solar power.
If a utility is unable to meet these requirements, some states
allow utilities to purchase renewable energy credits from individuals or companies who are producing electricity from a renewable source.
More often or not, these individuals are producing excess electricity with photovoltaic solar panels.
Utilities will buy these Solar Renewable Energy Credits (SRECs) from an individual, to speed up the payback rate of their solar investment.
In many states, you can enter an agreement with your utility to sell back SRECs for a predetermined rate.
Currently, there are 8 states (DC, DE, MA, MD, NC, NJ, OH, PA) that allow for the purchase of SRECs.
Power producers in an additional 9 states (NY, MI, WI, IL, IN, KY, WV, VA, TN) are eligible to sell their SRECs to these states.

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