What are the Benefits of Solar Renewable Energy Credits (SRECs)?
Tanzeel Rehman
Solar SME, Inc. (Director of Sales Marketing/ Solar Sales Consultant/NABCEP Associate)
Did you know that switching to solar energy offers more than just lower energy bills? By installing solar panels, you can earn additional income through Solar Renewable Energy Credits (SRECs). These tradeable credits are an incentive designed for homeowners to maximize their solar savings by selling SRECs to utility companies in states with SREC markets. For every 1,000 kilowatt-hours (kWh) of power your system generates, you receive one SREC—making solar an even more profitable investment.
In states with SREC markets, homeowners can significantly boost their return on investment. The process of earning and selling SRECs is simple, especially with the help of brokers or aggregators who manage the sale on your behalf. No extra effort is required once your system is installed, allowing you to enjoy passive income from your solar system while contributing to a cleaner environment. States like Washington D.C., Maryland, and Pennsylvania have thriving SREC markets where homeowners can sell their credits for hundreds of dollars per SREC. The demand for clean energy continues to grow, making this the perfect time to maximize your solar savings.
Curious about how you can take advantage of SRECs? Read our full article to learn how SRECs work and how to sell your credits. Read our full article to learn how SRECs work and how to sell your credits.