Cashing In On Pennsylvania Solar Renewable Energy Credits (PA SRECs)
Generated with every megawatt-hour of electricity produced by a home solar panel system (we’ll explain exactly how much this is later), Solar Renewable Energy Credits (SRECs) and specifically Solar Alternative Energy Credits (SAECs) in Pennsylvania can be sold for cold hard cash, year after year.
If you’ve decided it's finally time to go solar in Pennsylvania, then allow us to show you exactly how SRECs work in PA, and what to expect in the alternative energy marketplace when your solar system is up and running.
As we mentioned earlier, qualified solar energy system owners can earn One SREC for every megawatt-hour(MWh) of electricity that they generate. To put that in perspective, one megawatt-hour of solar electricity is equal to 1,000 kilowatt-hours (kWh), and in 2020, residential electricity users in Pennsylvania consumed an average of 846 kWh per month.
Extrapolated to 10,152 kWh (or just over 10 MWh) per year, this means that a solar energy system designed to power an average home in Pennsylvania will create about 10 SRECs every year it is eligible.
Once created, Pennsylvania solar producers are then free to sell their SRECs (or SAECs) on the open market. Alternative Energy Credits in Pennsylvania are registered and tracked within the PJM Generation Attribute Tracking System (GATS), and in the summer of 2022, PA SRECs are also eligible for sale in Ohio.
Redeemable for real cash payments, SRECs are one of the most valuable Pennsylvania solar incentives that homeowners can take advantage of to maximize the value of their renewable energy system.