09 Dec '11, 12pm

New York Trying to Create New Solar Rebate Market

New York Trying to Create New Solar Rebate Market

An SREC represents the environmental attributes from a solar facility and is generated each time a certified and registered solar power system produces one thousand killowatt-hours (KWh) of energy. For every 1000 killowatt-hours of electricity produced by an eligible solar facility, one SREC is awarded which can then be sold on an SREC specific market, typically to utility companies that are required to purchase SRECs in order to comply with renewable portfolio standards (where state utilities are required to purchase or generate a percentage of their electricity from renewable energy resources). Depending on the size of the solar system, the typical residential solar system can produce one SREC every two months.

Full article: http://cleantechnica.com/2011/12/09/new-york-trying-to-cr...

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