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Solar Renewable Energy Certificate. Solar Renewable Energy Certificates (SRECs) or Solar Renewable Energy Credits, are a form of Renewable Energy Certificate or "green tag" existing in the United States of America. SRECs exist in states that have Renewable Portfolio Standard (RPS) legislation with specific requirements for solar energy, usually ...
In the United States, spot prices for SRECs generally decreased from 2010 to 2014. In New Jersey, the spot price for a 2010 SREC was $665.04 in July 2010 and about $160 in May 2014 for SRECs generated in different years. In Delaware, the spot price for a 2010 SREC was $255 in July 2010 and about $50 in May 2014 for SRECs generated in different ...
New Jersey has historically been aggressive in installing solar power, at one point being the second largest solar state in the U.S. with 306.1 megawatts of installed solar power in 2011, which was a 131% increase over the 132.4 megawatts installed in 2010. In 2010, New Jersey became the second state, after California, to install over 100 MW in ...
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Financial. Headquarters. Jersey City, New Jersey. , United States. Flett Exchange is an environmental commodity exchange and brokerage firm based in Hoboken, New Jersey. [1] The company is specialized in trading of Solar Renewable Energy Certificates (SRECs) in the United States.
A Renewable Portfolio Standard (RPS) is a regulation that requires the increased production of energy from renewable energy sources, such as wind, solar, biomass, and geothermal, which have been adopted in 38 of 50 U.S. states and the District of Columbia. [1][2] The United States federal RPS is called the Renewable Electricity Standard (RES).
The first SREC program was implemented in 2005 by the state of New Jersey and has since expanded to several other states, including Maryland, Delaware, Ohio, Massachusetts, North Carolina and Pennsylvania. [180] An SREC program is an alternative to the feed-in tariff model popular in Europe.
SREC may refer to: Solar renewable energy certificates, a form of tax incentive for alternative energy used in some U.S. states. Sussex Rural Electric Cooperative, a New Jersey electric power company. The Motorola S-record format, a computer data format for encoding binary data in ASCII. Sri Ramakrishna Engineering College, a college situated ...