The Maryland Renewable Portfolio Standard (RPS) laws require Public Utilities and Retail Electricity Sellers to purchase SRECs produced by in-state solar facilities. These entities are obligated to buy an increasing number of SRECs per year, or pay a fine known as the Solar Alternative Compliance Payment (SACP).
Flett Exchange brokers the sale of SRECs between you and the energy companies required to buy them.
The Brighter Tomorrow Act was signed into law in July 2024, allowing residential solar facilities to generate SRECs with a compliance value of 1.5x. Flett Exchange registers all eligible customers for inclusion in this program.
1 Maryland SREC (and Certified SREC) = 1,000 kWh
MD "BT" SRECs: Spot Price EstimatesPrices will decline over time because the fine that energy companies pay for not buying SRECs decreases each year. |
|
Annual SREC Income Formula: System Size (kW DC) x 1.3 × $/SREC = Estimated Annual Income
will streamline this entire process for you. If you have a virtual solar meter through a monitoring company such as Enphase, Solar Edge, Tesla etc., we can onboard you in as little as 5 minutes.
If you join REC Manager, you are not under contract for time and are free to switch brokers or self-manage at your discretion.
Start earning money from your solar energy production today. Our team will handle all the paperwork and reporting.
RegisterQuestions? Call us at +1 (201) 209-0234 or email us.