Making Your Solar Electric System Pay You Back with Maryland Solar Renewable Energy Credits (SRECs)

One of the many benefits of investing in a solar electric system is the right to sell a credit for every 1,000 kilowatt hours of electricity generated by your panels each year. These are called Solar Renewable Energy Credits, or "SRECs."

A typical home solar electric system of, say, 5 kilowatts (kW) generates about 6,000 kilowatt hours -- which is equal to 6 megawatt hours -- of electricity per year in the Mid-Atlantic region. Those 6 megawatt hours earn 6 SRECs which currently can be sold for about $1,600 each year in Maryland!

Talking About Electricity?
Know Your:
  • watts,
  • kilowatts &
  • megawatts

1,000 watts               = 1 kilowatt
1,000 kilowatts          = 1 megawatt
 
1,000 hours               = 1 kilowatt hour
1,000 kilowatt hours  = 1 megawatt hour
 
1 megawatt hour        = 1 Solar Renewable Energy Credit

Here is how the value of SRECs are calculated in Maryland. Learn More >>