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SRECS

Solar Renewable Energy Credits SRECS

  • SRECs are production subsidies paid to you even if you use the electricity yourself.
  • SRECs represent the “green” attributes of the renewable generation source.
  • Utilities are required to purchase SRECs every year.
  • Small-scale project owners will work with SREC aggregators or brokers to sell SRECs to utilities.
  • Projects are eligible to sell SRECs for 10 years.
  • SRECs have a minimum $285/SREC auction price to start which declines to $189 in ten years..
  • Monthly production reported to MassCEC’s Production Tracking System (PTS).

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