Does the EDC need to certify or approve the particular sales and installation company for a project proposed under the Program?
The EDC does not certify or approve of particular companies for the sale or installation of the solar projects that could apply under the Program. 02/22/2010 in General • FAQ-68: We are a residential and commercial aggregator of SRECs. We typically work with homeowners and businesses to register their systems to produce SRECs, then purchase these SRECs over the long term. Can we participate as an aggregator without building new projects? No. The program is designed as a financing program. It is intended to facilitate financing of new solar installations by providing an opportunity to engage in ten to fifteen year SREC contracts at a fixed price. As such, participation does require that a bidder commit to constructing a specified solar facility and to sell SRECs produced at that facility to the EDCs.
