For every 1,000kWh of energy your system produces, or is estimated to produce, you will be granted one Solar Renewable Energy Credit (SREC). An SREC can be sold much like a share of stock. There is an SREC spot market they would be sold in that fluctuates. You will never be issued a certificate for your SREC’s. They are kept track of electronically.
The Marketplace for SRECs was created in Maryland by a law called The Renewable Portfolio Standard (RPS) in 2007. The law mandates utilities serving Maryland to have to participate and purchase SRECs every year.
Trading SRECs are simple. Choose and aggregator and let them handle everything for you. You are free to shop the market but Standard Energy Solutions can recommend trusted and local SREC brokers to you.