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Who buys SRECs?

April 26, 2017buys srecs

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Who buys SRECs?

2 Answers

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Solar system owners can choose to sell their SRECs to a broker, aggregator, or Load Serving Entity (LSE), who must buy SRECs to meet their RPS obligations. Some solar installers or project developers will offer to buy the SRECs as part of the project financing, thereby reducing the installation costs and hence the amount of capital needed up front to finance a project. All residential and commercial customers considering financing options for a solar installation should ask their installer about the value of SRECs and who will have the rights to claim them.

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Solar system owners can choose to sell their SRECs to a broker, aggregator, or Load Serving Entity (LSE) ie the electric suppliers and providers, who must buy SRECs to meet their RPS obligations. Some solar installers or project developers will offer to buy the SRECs as part of the project financing, thereby reducing the installation costs and hence the amount of capital needed up front to finance a project. All customers considering financing options for a solar installation should ask their installer about the value of SRECs and who will have the rights to claim them. Prospective investors in solar energy equipment are advised to seek alternative quotes from at least three project developers or installers. A courtesy listing of project developers is available at http://www.njcleanenergy.com/findavendor.