How much are SRECs worth in Massachusetts?

How much are SRECs worth in Massachusetts?

Massachusetts SREC Market Current SREC market prices are around $300/MWh/SREC. For the average system size of 7 kW, this represents a potential loss of $2,100 per year in SREC credit payments for Massachusetts residents.

How long do you get SRECs in Massachusetts?

10 years
SREC I and II eligible facilities are granted up to 10 years of SREC production. After the 10-year period, the system will be eligible to generate RECs under the Class I market. SRECs up to three years old can be sold in the Massachusetts market.

How much is a SREC worth?

Spot data for the New Jersey SREC market

2022 $227.00 $-4.42
2021 $225.00 $-0.36
2020 $223.00 $-2.82
2019 $221.00 $0.00

How much are recs worth?

Rates for 2015 to 2017 RECS purchased have averaged between $0.15—$0.045 per kWh produced. In 2021, SREC prices range from $10 to over $400 depending on the state SREC market.

How does SREC work?

SRECs are sold separately from the physical electricity that your solar panels produce. Think of them like a “voucher” that proves that the electricity from your solar panels is renewable. You earn one SREC for every 1,000 kWh (or 1 MWh) of electricity produced by a solar system.

How long does SREC last?

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.

Does Ma have Netmetering?

Massachusetts’ net metering policy allows property owners to send electricity generated by their solar panel system onto the grid, and receive credit on future electric bills for excess energy produced by the system.

Can you sell SREC to other states?

Note that California does not have a specific SREC market, although it does have a broader TREC (Tradeable Renewable Energy Credit) market, and owners of SRECs can sell them to other states that accept out-of-state REC trading.

Can I sell SRECs out-of-state?

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.

Can I sell SREC out-of-state?

Do RECs work?

It does affect carbon emissions. But those effects are at a systems level; it certainly can’t be reduced to a one-for-one MWh-for-MWh exchange. In short, it’s best to think of buying RECs not primarily as a blow against fossil fuels or carbon emissions, but as a (modest) blow for clean energy.