Remote Performance Monitoring is available for all of our systems. From your phone or computer, you can check out your systems energy production and utility savings. We monitor the performance of all of our systems remotely to ensure you are getting the most from your solar system.
CED Monitoring for SREC aggregation
Clean Energy Design provides professional services for PV system owners who would like to participate in the Solar -Carve Out Program including the monitoring your systems performance, aggregation and sale of renewable energy credits (SREC’s). We closely monitor market trends and sell certificates when we feel we can get the best value for our clients.
Currently residential solar systems will still qualify for the SREC incentive program. This program is due to be replaced by the end of 2018 with a production based Solar Massachusetts Renewable Target (SMART) Program. For more info visit Masssmartsolar
Solar Renewable Energy Certificates (SRECs)
An SREC is a tradable certificate that represents all the positive, renewable environmental attributes of electricity generated from a solar electric system. These certificates are created based on the solar production from a facility. Each time a solar system generates 1,000 kilowatt hours (1 megawatt hour) of electricity, an SREC is issued by the DOER which can then be sold or traded.
The SREC 2 program, now in place is quite different than the initial program. It provides different incentive factors for specific market sectors. This means that the percentage of power production eligible for SREC aggregation will depend on the system size, location and how much power is being consumed onsite for facilities over 25 kW. This generally ranges between 55-80%.
The price or value of an SREC is established by the state and market availability, although the Department of Energy Resources (DOER) has created some market stability by offering a state Solar Credit Clearinghouse Auction. This Auction ensures that if SRECs are not able to be sold on the open market, they will be purchased by the state through this mechanism.
The state guaranteed floor price will diminish from $210-$140 over the 10 year period. In addition to the SREC incentive, in order to further bolster the residential solar market, the DOER has implemented a Solar Loan Program in which approximately $30 million of ACP funds will be leveraged for a low interest loan program with participating banks. The SREC II program is further explained here on the DOER website.