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Utilities purchase SRECs in order to meet state regulations called Renewable Portfolio Standards (RPS). An RPS requires utilities to generate a portion of their electricity from a renewable energy resource.
Your system will produce one SREC every time it produces a megawatt-hour (1,000 kWh) of electricity. As a rule of thumb, you can estimate the number of SRECs your system will produce by multiplying the size of the system by 1.2. For example, a 5-kilowatt system will produce approximately 6 SRECs each year.
Sol Annuity, Sol Profit Share, and Sol Brokerage systems are paid monthly for SRECs ing to the schedules below. Monthly payments are processed by the last business day of the month.
The value of an SREC varies $3.50 to nearly $400, depending on the market. Just like the stock prices, SREC prices are dictated by supply and demand in the market and tend to fluctuate over time.
The market for SRECs exists due to Delaware state law known as the Renewable Portfolio Standard, or RPS. The RPS requires Delmarva Power to procure a certain percentage of their power from renewable energy sources.
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NJ CLASS 1 RECs Prices based on Months of Generation 06/2022 to 05/2023 For the 2023 Reporting Year Prices effective starting December 18, 2023 - 7:00pmAmount of SRECsPrice Paid for each NJ SREC (NO FEE will be deducted)1$198.002 to 3$200.004 to 10$200.001 more row
What are the disadvantages of selling SRECs? If you sell your SRECs, you cant make any solar power use claims about your home. You also cant make claims about reducing your carbon footprint. This is mainly because buying SRECs allow utility companies to take credit for solar power generated at your address.
Delaware boasts several notable solar installations, including the Milford Solar Farm, Amazons PHL7 project in Middletown, and Dover Sun Park. There are also numerous incentives and programs available to Delaware residents who are interested in adopting solar energy.

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