Can I sell Solar Renewable Energy Certificates (SREC) in New Jersey?
SREC stands for Solar Renewable Energy Certificate and is a tradable certificate that represents all the clean energy benefits of electricity generated from a solar electric system. Each time a solar electric system generates 1000kWh (1MWh) of electricity, an SREC is issued which can then be sold or traded separately from the power. This makes it easy for individuals and businesses to finance and invest in clean, emission free solar power. The New Jersey SREC Program provides a means for SREC’s to be created and verified on your behalf. The SREC web site facilitates the sale of SREC’s to electric suppliers who are required to invest in solar energy purchase SREC’s under New Jersey`s Renewable Portfolio Standards (RPS). This requirement increases each year, so that SREC’s from the equivalent of a total of 90MW of solar electricity will be required by 2009. That`s enough electricity to power approximately 8,000 homes! All solar system owners in New Jersey with grid-connected generators c
