Many people understand that you can drastically cut your energy bills with a solar power station. But did you know solar also helps you make thousands of dollars each year? When you go Solar with Suntricity Power, you are automatically set up with a Solar Renewable Energy Credit program (SREC for short)

So what is an SREC and how does it work?

During the day, your solar panels are producing energy. Some of that energy is used by you, but some of it goes back through the grid to provide electricity to the rest of your neighborhood. Your energy meter keeps track of all of the power you produce, whether you use it to power your blender, or your neighbor uses it to watch TV. Once you produce 1,000 kilowatt hours of energy it becomes 1 energy credit, or SREC.

The state governments want to promote utility companies to create renewable energy, and requires them to use solar energy. So each utility company (PECO, delmarva, etc.) wants to take credit for using your energy. The power companies must buy the “rights” to your energy so they can say that they produced the required amount of renewable energy. They purchase your SREC on a market similar to the stock exchange, offering customers money for each SREC they produced and bidding against each other.

Finding the best deal to sell your energy can be difficult, the prices can chance weekly. But Suntricity Power makes the process of selling your energy completely hands-off for a solar customer. We use a SREC trading company to find you the best rate. You don’t even have to keep track of your production, the SREC Trade does the work for you. So, every few months (depending on your system size) you receive a check in the mail because you produced energy. It’s as simple as that!