Why do SRECs exist?

Many U.S. states have Renewable Portfolio Standards (RPS) that require utilities to get a certain percentage of their electricity from renewable sources—often with a specific solar carve-out.

Utilities can comply by:

1. Producing solar energy themselves, or

2. Buying SRECs from solar system owners.
   
   

How solar owners make money

If you own a qualifying solar system:

1. Your system’s production is tracked (via a meter or monitoring software).

2. Every time you generate 1 MWh, you earn 1 SREC.

3. You sell SRECs to utilities or through an SREC marketplace.

4. Prices vary widely by state and market conditions.
   
   

👉 Important: SREC income is in addition to savings from net metering or reduced electric bills.

How much are SRECs worth?

It depends on the state:

• High-value SREC markets: New Jersey, Massachusetts, Maryland, Washington D.C.

• Low or no SREC markets: Many states don’t offer them at all.
  
  

Prices can range from:

• ~$5–$20 per SREC (low-demand markets)

• $200–$450+ per SREC (tight, high-demand markets)
  
  

SREC prices fluctuate like a commodity.

Who can earn SRECs?

Typically:

• Grid-connected solar PV systems

• Registered with the state’s SREC program

• Meet size and certification requirements
  
  

Both residential and commercial systems may qualify, depending on the state.

How long do SRECs last?

• Most states allow SREC eligibility for 10–15 years after system commissioning.

• Some newer programs are transitioning away from SRECs to fixed incentives (like SMART in MA or TRECs/RECs with contracts).
  
  

SRECs vs RECs

• REC (Renewable Energy Certificate): Generic renewable energy (wind, hydro, solar).

• SREC: A solar-specific REC, usually worth much more due to policy demand.
  
  

This comprehensive training video is an essential guide for every Solar Consultant operating in Illinois. We break down the entire process for the Illinois Shines Program, providing you with a clear, step-by-step walkthrough to ensure confidence and accuracy when working with clients.

In this video, you'll learn exactly how to navigate the required paperwork and contracts, from start to finish. We've eliminated the confusion and uncertainty, giving you the knowledge you need to complete the process flawlessly and get paid faster.

What you'll learn in this training:

Part I: The Illinois Shines Disclosure Form - A full guide on how to complete the application process correctly to avoid costly errors and delays. We'll show you exactly where to find and input key information like project ID and customer details.

Part II: The Customer-Facing Disclosure Form - Understand the document your customer sees, so you can walk them through it with confidence. We'll cover important sections like the breakdown of project costs, rebates, and the 5% collateral requirement.

Part III: The Carbon Solutions Group Contract - A detailed review of the formal agreement. Learn to explain key terms, including the SREC payment schedule, vendor fees, and what happens in the event of underperformance. This will build trust and transparency with your clients.

Stop wasting time on guesswork and gain the expertise to make the Illinois Shines application process seamless for both you and your customers. Watch now to master this crucial aspect of your solar sales process.

STEP BY STEP GUIDE 

Step 1. Standard Disclosure Form signed 

Step 2. SREC Contract signed.

Step 3. Invoicing for the Application Fee and 5% Utility Held Collateral.

Step 4. Pre-installation (Part 1) is submitted to CSG by your installer for review.

Step 5. Part 1of the application is submitted by CSG to the ABP Administrators.

Step 6. Part 1 of the application is reviewed and verified by the ABP Administrators. 

Step 7. ABP Administrators batch submit verified facilities for ICC Approval.

Step 8. Post Installation (Part 2)is submitted to CSG by your installer following utility approval.

Step 9. Part 2 of the application is submitted by CSG to the ABP Administrators.

Step 10. PJM-GATS Registration is submitted by CSG and approved by GATS Administration.

Step 11. Part 2 of the application is reviewed and verified by the ABP Administrators. 

Step 12. SREC Application Queuing for Payment and REC delivery begins.