Understanding Solar Renewable Energy Credits in Virginia

Solar Renewable Energy Credits Virginia (SRECs) play a pivotal role in making solar power financially rewarding. Through the Virginia Clean Economy Act (VCEA), utility companies are now required to meet Renewable Portfolio Standards (RPS) by purchasing clean energy or paying penalties.

What Are SRECs?

Each time your solar system produces 1 megawatt-hour (MWh) of energy, you earn one SREC. These credits can be sold in the Virginia SREC market, offering ongoing returns on your solar investment.

How SREC Trading Works in Virginia

The Virginia SREC market allows solar homeowners and commercial operators to sell their certificates through platforms like SRECTrade. Systems under 1 MW are eligible, and SRECs can be banked for five years. Prices vary between $34.50 and $43.00 based on supply and demand. Systems interconnected early qualify for maximum returns.

Why SRECs Matter

SRECs offer a dual benefit: financial incentives and environmental impact. They help solar owners offset system costs while contributing to Virginia’s green energy future.

Start Earning with Solar Renewable Energy Credits

Ready to turn your solar power into passive income? Solar SME can help you navigate Virginia's SREC program with expert guidance and seamless registration.

Take action today—maximize your solar ROI, support clean energy, and get rewarded.

Explore more information here and schedule your FREE consultation with Solar SME now!