After 10 years Rockland Electric will no longer purchase any further SRECs from your solar project. Under New Jersey law your project is eligible for 5 more years of SRECs at the market price.
In order to continue receiving payments for your SRECs, there are a few steps that need to be completed:
This is where Flett Exchange comes in. We offer two services for owners of solar in New Jersey to sell their SRECs. Here they are:
This service is for those who want to create and manage their own GATS account (this is where
you enter meter readings each month, mint SRECs and transfer them to buyers). Flett Exchange
is used by thousands of solar owners to sell their SRECs. Similar to a stock exchange,
companies compete for your SRECs so you know you get the market price.
When you sell on Flett Exchange you must transfer your SRECs on GATs to Flett Exchange. Flett Exchange pays you the same day. The fee is only $2.50 per SREC sold for homeowners.
Larger commercial arrays pay from $0 to $2.50 per SREC (You can reach out directly to us to determine your rate). With the do-it-yourself service you can sell your SRECs to anyone –not just Flett Exchange.
Sign up by clicking here.
This is our full-service SREC management program. We will handle your GATS account, enter
your meter readings each month, mint your SRECs, and sell them in a block with all of our
other customers. (This results in a slightly higher price because you are bundled in with
thousands of other RECs).
We pay you in the middle of each month via check or ACH as long as you generate enough energy to create an SREC.
Sign up by clicking here.
Here are the steps for setting up a Do-it-yourself Account
Here are the steps for setting up a Rec Manager Account:
If you are going to use the Flett REC-Manager full-service, Flett Exchange will supply a pre-filled Schedule A for you to sign and we will submit it to GATS. You do not have to register with GATS. To do this apply for the Flett REC manager service here:
If you plan on using a Flett Exchange Do-it-Yourself account, Register for your Do-it-Yourself Flett Exchange account here:yellow if you are going to manage your own GATS account and use the Do-it-yourself Flett Exchange service.
Please refer to the information below for answers to frequently-asked questions regarding your paid-off solar loan.
When your 10 year contract expires Rockland Electric will no longer manage the SREC
system. You will need to establish your own account in the PJM Generation
System (GATS) http://www.pjm-eis.com, and create and sell your own SRECs. You are eligible for 5
more years of SRECs.
(If you want Flett REC-Manager service do not open an account at GATS. Flett Exchange will do this for you. All you need to do is apply for a Flett REC Manager account here: https://www.flettexchange.com/register)
Rockland Electric will remove your revenue grade meter. You will need to call a solar
installer and have a
new revenue grade meter installed. You will lose SRECs for every day that you fail to
a new revenue grade meter.
(If you choose Flett REC Manager we will work with you to read your meter each month.)
To transfer your account, submit your Schedule A Form to PJM GATS. The form can be found at http://www.pjm-eis.com/.
Please refer to the PJM GATS website for instructions on how to enter generation data to create SRECs here: https://www.pjm-eis.com/getting-started/rec-creation.aspx
(If you want a Flett REC Manager full service account we will enter your meter readings and sell your SRECs automatically. Apply for a Flett REC-Manager account here: https://www.flettexchange.com/register-pseg)
Flett Exchange SREC marketplace is where solar owners get the market price for their SRECs. Over 17,000 homeowners with solar in New Jersey use Flett Exchange to sell their SRECs. Energy companies compete for your SRECs which ensures that you receive the going market price. If you are going to sell your own SRECs register for a Do-it-Yourself account at Flett Exchange here: https://www.flettexchange.com/self-registration.
Direct any questions about GATS SREC creation to: firstname.lastname@example.org or
Questions about SREC selling by the Do-it-yourself option or the Flett REC-Manager contact: email@example.com or call us in the office at 201-209-0234.
Apply for Flett Do-it-yourself at: https://www.flettexchange.com/self-registration
Apply for Flett REC-Manager at: https://www.flettexchange.com/register-pseg