|Solar Renewable Energy
SREC stands for Solar Renewable Energy Certificate and is a tradable
certificate that represents all the clean energy benefits of electricity
generated from a solar electric system. Each time a solar electric system
generates 1000kWh (1MWh) of electricity, an SREC is issued which can
then be sold or traded separately from the power. This makes it easy for
individuals and businesses to finance and invest in clean, emission free
The New Jersey SREC Program provides a means for SRECs to be
created and verified on your behalf. This website facilitates the sale of
SRECs to electric suppliers who are required to invest in solar energy
purchase SRECs under New Jersey's Renewable Portfolio Standards
(RPS). This requirement increases each year, so that SRECs from the
equivalent of a total of 90MW of solar electricity were be required in
2009. (That's enough electricity to power approximately 8,000 homes!).
These requirements Increases by a rate of approximaly 10MW installed
capacity a month.
All solar system owners in New Jersey with grid-connected generators
can participate in New Jersey's SREC Program.
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