Our Partners: Sun Tribe Trading
Virginia Solar Renewable Energy Credits (SRECS)
Not to be confused with other incentives or tax credits, Solar Renewable Energy Credits (SRECs) are a vehicle by which utility providers are able to meet legislative standards to avoid fines or penalties for not meeting minimum clean energy requirements.
Basically, your home or business is producing clean energy, through solar, that both reduces your reliance on the utility, as well as providing additional power through overproduction of solar. In many states, including Virginia, there are minimum percentages of production that utilities must meet in order to fulfill the legislative requirements set forth by the state. Unfortunately for many utilities, these standards exceed the internal production capability of the company, but fortunately for solar owners, utilities have the ability to purchase rights to your production. The cost of these rights vary from state to state and month to month, and for that reason, an SREC aggregator acts as a broker on your behalf.
Suntribe Trading is the most prominent aggregator of the new Virginia SREC market, and they will work with you to maximize the return on your marketable production.
See the video below for more details!
If you are ready to get even more value from your solar, click the link to go to our contact page and we will get you started! HERE