SRECs make the internal rate of return on Solar Systems quite good these days and investors of all types are lining up to get into the solar business. By selling off your SRECs either bundled with your power production or without many are finding that the payback on solar systems is about one of the best investments available in the current market. So what are SRECs and how do these add so much to the bottom line on my returns?
SRECs are solar renewable energy certificates and owners of solar systems receive on SREC or solar renewable energy certificate per one megawatt of power produced. Utilities will then buy these clean energy certificates as they are mandated to do in order to offset their dirty power production. In essence, these SRECs are carbon offsets and is another way to understand why SRECs are becoming such a hot commodity.
Innovative Solar Systems, LLC sells, designs and installs large scale solar systems and offers up our packages of SRECs to those on the open market that are required to obtain these solar renewable energy certificates. The price of SRECs will sky rocket in many states within the next five years as the mandates for these SRECs will increase seven fold. Give Innovative Solar Systems, LLC a call today and explore the packages of SRECs that we will sell you on long term contracts.
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