The Role of Solar Renewable Energy Credits in Promoting Clean Energy
Key Takeaways What Are Solar Renewable Energy Credits (SRECs)? Solar Renewable Energy Credits, commonly known as SRECs, are tradable credits that represent the environmental benefits of generating one megawatt-hour (MWh) of electricity from a solar energy system. These credits are sold separately from the physical electricity to entities looking to meet regulatory requirements for renewable energy. This system encourages the adoption of solar power and helps maintain compliance with renewable energy standards set by various states. How SRECs Encourage Solar Energy Adoption One of the primary ways SRECs support solar energy adoption is by providing financial incentives. Solar energy producers … Read more