I'm curious about selling Solar Renewable Energy Certificates (SRECs). I've been told by a solar professional that I could sell a certificate for every 1,000 kWh my system produces. With my setup, I should be generating around $700 each year. Plus, I'm on a 1:1 net metering plan. Could someone explain how this process works?
1 Answer
Selling SRECs can be a great way to make some extra cash from your solar energy production. Essentially, for every 1,000 kWh (or 1 MWh) of solar energy generated, you can earn one SREC. The actual price of SRECs varies by state and market demand, but they typically sell for anywhere from $10 to $60. Since you're producing about $700 per year, you could potentially be selling several certificates depending on the current rates and regulations in your area. Make sure to check your state's specific requirements and platforms where SRECs can be sold!
That's super helpful! So, the more I produce, the more I can sell, right? Just need to keep an eye on market prices?