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In response to
"Net metering is available to customers installing eligible energy production facilities throughout the FirstEnergy service territories. "
by
☀️ amandachem ☀️
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The state of Pennsylvania offers a smart incentive program under SRECs for residential solar buyers in the state.
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Solar renewable energy certificates (SRECs) are tradable certificates earned by home solar owners for every megawatt-hour of solar energy they produce. They are similar to carbon credits.
The SREC prices vary from time to time as per the demand-supply dynamics prevalent at the time of the trade. In the summer of 2021, the PA SRECs were trading at around $40 each.
To give you an idea of how much money you can make by selling SRECs, let’s suppose that you have a 9kW solar system. You generate roughly 10MWh of power annually, which qualifies you for 10 SRECs.
So, for $40 per SREC, you get a flat $400 annually. When you add them up over a decade, that’s $4,000 of additional income for doing virtually nothing. That’s a pretty sweet deal by any measure.
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