Solar Renewable Energy Certificate (SREC)
A tradeable certificate representing 1 MWh (1,000 kWh) of solar electricity generation. In states with SREC markets, solar owners earn SRECs that can be sold for additional income.
Why It Matters
In active SREC states (NJ, MA, PA, MD, DC, IL), SREC income can be worth $20-$300+ per MWh — adding hundreds to thousands of dollars per year to your solar system's value.
Related Topics
Related Terms
REC (Renewable Energy Certificate)
A tradeable certificate representing the environmental attributes of 1 MWh of renewable electricity generated. Utilities buy RECs to meet clean energy mandates.
RPS (Renewable Portfolio Standard)
A state regulation requiring utilities to source a minimum percentage of electricity from renewable resources by a target date. Also called a Renewable Energy Standard (RES).