Posted: Thursday, 3/21/2018 @ 6pm EST
Updated: Friday, 5/11/2018 @ 3pm EST
Financial Benefits of Going Solar
Boston Solar is a big fan of Solar Renewable Energy Credits (SRECs) - we love seeing our customers get the solar savings they deserve!
What Exactly Are SRECs and Why Does Boston Solar Keep Talking About Them?
Well first and foremost, Boston Solar will be guaranteeing installations under SRECs until 5/31/2018, so we highly recommend taking of advantage of them before they’re gone! In a previous blog post written by Boston Solar’s Director of Marketing, Natalie Holtgrefe, “SRECs are certificates earned by producing solar energy. These can be bought and sold on a renewable energy market, kind of like the stock market or a commodity, with values subject to the usual supply-and-demand pressures of a marketplace. The SRECs you hold are directly proportional to how much solar power you generate. These SRECs are guaranteed to be paid out every quarter for the next 10 years once your solar system is installed. If the market drives up the price of SRECs beyond the price of non-renewable energy, then you’ll earn more money selling solar than the savings you’re getting on your electric bill!”
Here’s an example of the financial breakdown of going solar under SRECs:
Time to Go Solar!
Between tax credits, quarterly SREC payments, net metering, and a $0 electric bill, payback is usually between 4-7 years. To learn more or set up your free, no-obligation solar consultation, fill out the form on this page.