SRECs Are A Hidden Gem
What Is It & How To Get Started
If you’ve never heard of this unpopular side hustle in the green energy sector, you’ve come to the right place. Solar Renewable Energy Credits, or SRECs, is essentially a transferrable credit you can buy and sell on a solar market that you can monetize from purchasing.
An SREC is a financial instrument issued at the state level that allows you to earn money for the electricity your solar panels generate.
You can earn 1 SREC for every MWh of electricity you generate.
SRECs can be bought and sold to transfer the right to count solar electricity.
Source: EnergySage
It’s quite informative to understand how this unique investment alternative can pay dividends by recognizing its’ potential. For example, since SRECs represent the “green” value of your electricity, they are sold separately from the physical electricity that your solar panels produce.
How To Sell SRECs?
Advertise credits on the GATS Bulletin Board.
Check the Buyer's Bulletin Board for specific purchase requests.
Work with an aggregator or broker to either purchase the RECs directly, or to assist the REC owner in finding a buyer.
Use an auction or exchange platform to sell RECs.
Tips for Maximizing Your SREC Earnings
Optimize Solar Panel Placement: Make sure solar panels are placed at the best angle and direction to get the most sunlight. This will ensure the efficient working of solar panels and thus emphasizes the SREC credits.
Monitor System Performance: Use tools to keep an eye on how well your solar panels work. If you can find drops in production quickly, you can find answers to problems more quickly.
Stay Informed on SREC Prices: As solar technology gets better, newer screens work better. If the return on investment makes sense, you might want to replace older screens.
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