How much is an SREC worth?
How much is an 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 much is a trec in NJ?
New Jersey TREC Pricing
| Project Type | TREC Base Price | Effective Price |
|---|---|---|
| Net-metered non-residential rooftop and canopy | $152 | $152.00 |
| Community Solar | $152 | $129.20 |
| Grid supply (subsection(r)) ground mount | $152 | $91.20 |
| Net-metered residential ground mount | $152 | $91.20 |
How long are NJ SRECs good for?
5 compliance years
How long can I hold onto my NJ SRECs and what is a Vintage year? SRECs are good for 5 compliance years when they expire, under current legislation, the energy year it was generated and the following 4 energy years. A “vintage”, also know as an energy year is the grouping of 12 months of generation.
How do NJ SRECs work?
How do SRECs work? Each time a solar installation generates 1,000 kilowatt-hours (kWh) of electricity, an SREC is earned. Solar project owners report the energy production to the Generation Attribute Tracking System (GATS). This reporting allows SREC’s to be placed in the customer’s electronic account.
What’s the price of SRECs in New Jersey?
It varies based on supply and demand within the SREC market, and can change from day to day. According to SRECtrade, one of the biggest SREC aggregators in the country, NJ SREC prices ranged anywhere from $165 to $262.50 in 2017. The future price of SRECs in New Jersey depends on market conditions,…
When do SRECs break even in New Jersey?
Thanks to the competitive SREC market, the average NJ solar shopper on EnergySage will break even on their solar panel system in less than five years – one of the shortest payback periods in the United States. SREC prices: explaining how to sell your RECs…
When does the SREC energy year start in NJ?
SREC energy year is not based on a calendar year but rather the New Jersey Energy Year which starts every June and extends for twelve (12) months. When determining what month(s) SREC(s) you hold, also called vintage and minted date use the “month of generation”, that is the correct date.
Is the SREC transfer time stamped in NJ?
NJ SRECs transfers on the GATs platform are time stamped. It is a good idea to refresh our website to make sure you have the correct current price. NJ 2021 Energy Year SRECS are compliant for the 2021 energy year and the four (4) following energy years.