If you’ve prepaid your system and are keeping your Solar Renewable Energy Credits (SRECs), you may be wondering how to register them. On that note, the process can vary from state to state.
Sunrun customers in new Jersey, Pennsylvania, Maryland and Massachusetts all use the same SREC registration service, called PJM-GATS, to register their SRECs. Each state tracks SREC generation in a uniform way, producing one SREC for every 1,000 kWhs of solar power produced.
Registering SRECs in New Jersey
New Jersey solar homeowners can sell SRECs for the first 15 years of their system’s life. In order to get started with your SRECs, you will need to create an account and register your system with PJM-GATS.
You will receive documentation providing your SREC certification number 4-6 weeks after your system is turned on. Don’t worry about missing out on your first 4-6 weeks of power produced – New Jersey allows homeowners to register up to a year after the system begins to produce electricity. All power generated during that time can still be counted toward your SRECs.
Keep in mind that SREC prices are volatile, and can’t be guaranteed by anyone. Trading SRECs is just like investing in the stock market.
Registering SRECs in Pennsylvania
Pennsylvania solar homeowners can sell SRECs for the first 20 years of their system’s life. You won’t need to worry about registering your SRECs yourself in Pennsylvania because Sunrun or the partner you are working with will set up your account for you.
Pennsylvania SRECs are not credited retroactively, so Sunrun or our installer partner will register you quickly so that you can be sure you get the most SREC credit you can. After you are registered, you will need to enter production data manually in order to get continuing credit towards your SRECs.
Registering SRECs in Maryland
Maryland solar homeowners can sell SRECs for the first 15 years of their system’s life. After installing your solar system, your installer will register your system with PJM-GATS.
SRECs in Maryland begin to amass on the first day of the month after you turn your solar system on, and must be entered manually in order to be counted.
To learn all about the solar process from the beginning, check out:
Step 3: Meeting Your Installer Partner
Step 4: Starting Your Solar Installation
Step 6: Utility Billing Changes
