Maximizing Your Virginia Solar Renewable Energy Credits -

The Rise of Solar: By: Zackary D. Jackson

Author: Zackary D. Jackson

PUBLISHED: JANUARY 3RD, 2023

How You Benefit in Virginia

Let’s get right to the point: “Solar Renewable Energy Credits,” or simply “SRECs,” are a form of credit system that was developed to represent the environmental benefits that solar energy provides. These credits, the SREC markets facilitate a sizeable reward for the early adopters of solar energy. According to the Department of Environmental Quality (DEQ), the state has an ambitious goal to be 30% renewable energy by 2030 and 100% by 2050. To achieve this goal the SREC market in VA is quite literally providing a pot of gold worthy of St. Patrick’s day for those that go solar.

https://www.deq.virginia.gov/air/renewable-energy

Okay, we see the benefit, but what exactly is causing the market demand?

To answer this, SRECs are employed in some states mainly on the East Coast as a component of the Renewable Portfolio Standard (RPS), which mandates that utilities produce a specific proportion of their electricity from renewable sources.

Under an RPS, utilities can meet their renewable energy requirements by purchasing SRECs from solar energy producers. Solar energy producers, such as homeowners with solar panels on their rooftops, can sell their SRECs to utilities or to third-party brokers.

Solar renewable energy credits (RECs) are a way for individuals and businesses to offset their carbon emissions by supporting the production of solar energy. When a solar panel system generates electricity, it produces one REC for every 1,000 kilowatt-hours (kWh) of electricity produced. These RECs can then be sold to individuals or businesses that want to offset their carbon emissions.

Benefits to using solar RECs:

1. Environmental benefits: Solar energy is clean, renewable and reduces harmful emissions. Solar RECs support solar production and thus reduce your carbon footprint and that of the community you live in.

2. Economic benefits: Solar RECs can be a cost-effective way for individuals and businesses to offset their carbon emissions, especially if they are unable to install solar panels on their own property.

3. Financial benefits: Solar RECs are traded on the open market, and the price of RECs varies depending on supply and demand. As a homeowner installing solar, you are able to sell these credits to the market to lower the overall cost of your energy and increase the ROI of your investment in your home.

What if your energy could be sourced in a better way?

With 4-5 hours of peak sunlight each day on average, the state also has a strong solar potential. Solar energy has become much more affordable for homeowners in Virginia in recent years because to a sharp decline in the price of solar panels. Making it simple to take advantage of these advantages, The Solar-Fi Guy can help homeowners with solar panel system design and installation.

“Okay, Okay already I am interested let’s get this solar show on the road. Not to fear The Solar-Fi Guy and team are here”

Submit Your Solar Interest & Utility Statement : Solar Inquiry Form | Start Solar Here

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More Benefits of Solar

Virginia households can benefit from the state’s ideal solar energy circumstances with The Solar-Fi Guy’s assistance as a dependable and expanding local business serving the area. Virginia offers effective rules and incentives for solar energy, such as a Renewable Portfolio Standard that mandates utilities to produce a specific proportion of their electricity from renewable sources.

Your Dreams | Solar Delivers in VA

Our company partners with the Powur platform which gives us directly partnership integration with one of the leading SREC brokers Carbon Solutions Group; this allows us to shortcut the time and increase the speed to which our buyers are able to claim payment for their renewable energy credits based on their exact solar system specifications. The provides weeks of saved time if not months in some instance so that the process of going solar is a smoother and the homeowner realizes the financial benefits more quickly when working with us.

Now as the market price varies on the SREC going rate, knowing your exact payment is something that is ever changing and yet currently is in the thousands of dollars as incentive for adopting clean energy at home. With a few bits of data from you we will create a custom solar proposal that will also highlight the amount your home is eligible to receive when adopting solar power and investing into solar power for your home.

As we highly value your time and readership, we have for your convenience provided links to some of the SREC broker options you are able to work with, starting with our preferred partners. We look forward to working with you in supporting you, your families’ goals and your assistance in creating a greener cleaner world for us and future generations.