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A couple years ago, we purchased and had installed a solar system. In MA, there is an incentive program called SRECs, which is a program where the utilities hav
by nappy-doo 8y ago
A couple years ago, we purchased and had installed a solar system. In MA, there is an incentive program called SRECs, which is a program where the utilities have to buy MWH of produced electricity, and I can sell my MWH of produced electricity -- that's tracked as an SREC. I can sell SRECs for 10 years, I make about 5-6 a year, and they go for 200-300$. It makes the payoff on the system about 4 years, and ROIC about 17%. If, when I go to sell, the 10 year window on the SRECs haven't finished the buyer and I will have to come to an arrangement for the remaining credits.
IMO, solar generally complicates all housing related transactions, but it's worth it.
- ip26 8y agoAs far as I know, the SREC is a one-time lump sum for the 10 year period, so you're looking at one payment of $1,000-$1,800 right?
- ecopoesis 8y agoSRECs are generated and auctioned quarterly. After an initial lag I get a check for SREC sales every 3 months. There are schemes where you can get fixed price SRECs by signing them over to a 3rd-party. The third-party then give you a fixed amount monthly or quarterly or whatever but it's a significant discount on the auction price. There are also companies that will give you a lump sum for your 10-years of SRECs up front but like all 'need cash now' schemes there is a significant discount.