There are a number of state-specific solar incentives for solar owners to take advantage of, such as tax credits and rebates. One of the most advantageous solar incentives you may be eligible for is solar renewable energy credits (SRECs).
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An overview of the Virginia Clean Economy Act (VCEA)
Virginia may not seem like one of the best states to go solar in, but that’s all about to change: thanks to the recent passing of the Virginia Clean Economy Act (VCEA), Old Dominion is poised to become one of the most advanced (and financially advantageous!) solar markets in the country.
Continue readingSREC prices: explaining how to sell your RECs in the U.S.
If you’ve been researching the best solar energy incentives available, you have likely heard something about solar renewable energy credits (SRECs). SRECs are a tradable commodity that you obtain from owning a solar panel system and producing clean energy. Because of a common state requirement known as the Renewable Portfolio Standard (RPS), many utilities must generate a certain percentage of their energy from renewable sources, typically at least 20 percent. In several states and Washington D.C., the RPS specifies that a certain percentage of the renewable energy produced must come from solar power. States with this type of “solar carve-out” are willing to pay significant amounts of money to take credit for the power generated by solar homeowners.
Continue readingSRECTrade: everything you need to know about the leading SREC aggregator
Solar energy renewable certificates (SRECs) are some of the most attractive solar incentives available in the United States. Many states with renewable portfolio standards (RPS) have special “solar carve-outs” that require a certain amount of energy production to come from solar. These states use SRECs as a way to promote solar installations and compensate system owners for the energy their panels generate.
Continue readingSolar panels for businesses: does commercial solar make sense?
If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing commercial solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
Continue readingHow roof angle can affect solar panel performance
There are a lot of factors that can affect the performance of your solar panels and the economic benefits they can generate—things such as where you live and how sunny it is, how much you pay for electricity, which way your house faces—even the pitch of your roof. Variety is the spice of life, but the diversity of our architecture can affect the performance of solar panels. It’s important to understand how those differences in production performance related to the angle of your roof will affect the overall financial performance of your solar power system.
Continue readingHow do SRECs work? State by state solar renewable energy credits explained
Of all the incentives for installing solar panel systems, solar renewable energy certificates (SRECs) are some of the most potent, yet least-understood. You may have heard enigmatic terms like “SREC markets,” “solar renewable portfolio standards,” and “minimum compliance payments” thrown around in discussions about SRECS, but sifting through of all this jargon can be downright mind-numbing. However, SRECs can provide sizable streams of money to owners of solar power systems, so learning about what SRECs are, where they are available, and how they can make solar more financially-rewarding can, quite literally, pay off in a big way. In this article, we aim to answer the simple question: “how do SRECs work?”
Q&A with Sol Systems
If you’re a homeowner in a state with Solar Renewable Energy Certificates (SRECs), one decision to make as you’re installing a solar panel system is how to sell your SRECs. There are a number of SREC aggregators who will sell your SRECs for you. One of the most popular of those companies that solar panel system owners elect to work with today is Sol Systems. EnergySage conducted a Q&A with Sol Systems to learn more about their company, what customers should consider when choosing an SREC aggregator, and how they differ from other SREC aggregators.
Continue readingSol Systems review: what you need to know
Solar energy renewable certificates (SRECs) are some of the most attractive solar incentives available in the country. Many states with renewable portfolio standards (RPS) have special “solar carve-outs” that require a certain amount of a utility’s energy production to come from solar. In these states, utility companies meet the requirement by purchasing SRECs from people producing solar energy.
If you own a solar panel system in a state with an active SREC market, you’ll want to work with a third-party SREC aggregator or broker to sell the certificates to utilities on your behalf. There are a variety of options when it comes to choosing an SREC broker; one of the more popular options solar panel system owners elect to work with is Sol Systems.
Continue readingAre Massachusetts’ solar incentives the best in the country?
When you think of Massachusetts, you may think of the historical city of Boston, its championship sports teams, or distinctive pronunciation of the letter “R”. Now, it’s time to add a new association to the list because Massachusetts solar incentives and programs are now considered some of the best in the country. In this article, we break down these incentives and explain why solar panels are such a great investment in Massachusetts in 2018.
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