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Anyone get SRECs for their solar panels

Posted by AnnieDeighnaugh (My Page) on
Sat, Oct 19, 13 at 8:38

We've had solar panels installed and working for 3 years, but never investigated what are SRECs or how they work. I hate leaving money on the table, but don't even know where to start.

Any suggestions would be appreciated.


Follow-Up Postings:

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RE: Anyone get SRECs for their solar panels

Not sure about your area, but any credit or compensation you get from selling electricity back to the grid or just getting credit for stand alone solar units, once the government finds out you have solar panels, your taxes will eventually increase. Here, it is better to not let anyone know you use solar panels and just reap the benefits of having them.

Kt


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RE: Anyone get SRECs for their solar panels

Which government? State? Local?


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RE: Anyone get SRECs for their solar panels

State and/or local, depending on the area, but remember, if you have a lot of solar panels, and are already on the grid, then it will be more beneficial to sell back to the grid and also save when using them.

I was talking more about stand alone systems which may have only a few solar panels vs having a dozen or even 2 dozen solar panels.

Kt


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RE: Anyone get SRECs for their solar panels

No we are already hooked to the grid with a 5 kw system and we are banking our unused electricity in the summer and using up the bank in the winter.

But there are the srecs that I really don't understand how I get them, and to whom I can sell them and if it's worthwhile doing.


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RE: Anyone get SRECs for their solar panels

SREC's are kind of complicated to understand.

First you will have to get your system certified and register it.

One SREC will be awarded for every 1000 kw of electricity that is produced. The more solar systems that you have in your area, the more the SREC supply will increase.

The money received from selling SREC's will increase the value of your solar setup and thus will help with the financing of more solar technology.

Depending on your state and federal incentives, you can recover your investment in your solar setup by selling your SRECs.

Does that help?

Kt


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RE: Anyone get SRECs for their solar panels

A little...I guess I'll have to pursue it within my state.


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RE: Anyone get SRECs for their solar panels

Here is a link to an article from Home Power magazine
regarding SREC's.

http://www.homepower.com/articles/solar-electricity/design-installation/monetizing-sunshine


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