What is the value of an SREC in Pennsylvania?

What is the value of an SREC in Pennsylvania?

The price of a single SREC isn’t fixed in Pennsylvania – it varies based on supply and demand within the market and can change from day-to-day. According to SRECTrade, one of the biggest SREC aggregators in the country, Pennsylvania SREC prices are hovering around $40 in the summer of 2021.

Does Pennsylvania have SRECs?

In Pennsylvania, an SREC has a useful life of three years, which means that SRECs you generate in 2021 can count towards 2021, 2022, or 2023 compliance periods. Importantly, only individuals who own (rather than lease) their solar energy system are eligible to sell SRECs into the PA SREC market.

How much are SREC worth?

How much are SRECs worth? The value of an SREC, like a stock, is tradeable, and it fluctuates according to the supply and demand of SRECs in a state’s market. So what exactly are SRECs worth right now? Currently, SRECs are selling for anywhere between $5 and almost $500, depending on the state.

How long do you get SRECs in PA?

3 year
PA SRECs have a 3 year useful life (i.e., a 2016 SREC (solar AEC) can be counted towards either the 2016, 2017 or 2018 compliance periods).

How long can you collect SRECs?

SRECs expire after 3 years, so while you may want to hold on to them and try to get a better price later, you can’t wait too long. How are SRECs different from electricity? The electricity you use or sell back to your utility company is different from SRECs.

How are SRECs calculated?

Your system will produce one SREC every time it produces a megawatt-hour (1,000 kWh) of electricity. As a rule of thumb, you can estimate the number of SRECs your system will produce by multiplying the size of the system by 1.2. For example, a 5-kilowatt system will produce approximately 6 SRECs each year.

Is it worth going solar in PA?

Are solar panels worth it in Pennsylvania Solar panels have fallen in price by more than 80% in the last ten years. In 2020 they also remain subsidized by the 26% federal tax credit and the net metering law, making them an excellent investment.

Do solar panels increase home value in Pennsylvania?

Solar panels will increase your home value in New Jersey and Pennsylvania. When you invest in solar panels, you will earn that investment back over the long term and also help the environment by switching to a greener source of energy.

Should I sell my SRECs?

The primary benefit of selling your SRECs through an installer or solar financier is that you reduce your risk in exchange for immediate returns. You will likely get a lower payout for an SREC when selling directly to an installer or financing company, but you will get the immediate cash without any uncertainty.

Can I sell SRECs to other states?

If an SREC is cross-listed, it will be included in any state in which it has been registered to be sold. SRECs will be sold in the state auction that offers the most value. In order to qualify to sell your SRECs in a state that accepts out-of-state SRECs, you need to get your system certified in that state.

Who buys SREC?

Who buys SRECs? In order to meet a state’s renewable portfolio standard, or RPS, electricic utilities must buy SRECs. If they do not purchase SRECs, they must instead pay an Alternative Compliance Payment of $550 per MWh; thus, these companies will pay up to $550 for an SREC.