frequently asked questions
Why haven’t I received my SREC payment yet?
First, please confirm that your system has generated at least 1 megawatt-hour (MWh) of production since your last SREC payment. Once that has been confirmed, SREC payments are typically processed and distributed around the 15th of each month. Depending on your bank and potential processing delays, we ask that you reach out to us if you have not received your payment by the end of the month.
Will there be a payment on anything less than 1 MWh of production?
No, SREC (Solar Renewable Energy Credit) payments are only issued once a full 1 megawatt-hour (MWh) of production has been recorded. This is because SRECs are standardized credits, and each one represents exactly 1 MWh of electricity generated by your solar system. SRECs are only tradable and eligible for payment once this threshold is met—there is no market mechanism to trade or pay out partial credits.
However, any production below 1 MWh is not lost. It will continue to accumulate in your account, and once it reaches or exceeds the 1 MWh mark, an SREC will be generated and processed for payment during the next eligible payout cycle. So, while smaller amounts don’t generate immediate payments, they do contribute to future earnings once the 1 MWh requirement is fulfilled.
My solar monitoring device says I produced more SRECs than what I have been paid for. Why is that the case?
Please keep in mind that SREC eligibility begins based on your system’s official start date, which is the date of interconnection (also called the Authorization to Operate, or ATO) issued by your utility. Only production after this date counts toward SREC generation. Be sure you are referencing production starting from your ATO date—not your system’s lifetime total—as earlier production is not eligible for SRECs.
Why has my SREC payment dropped about 20% starting in the months of Jan-March?
The value of an SREC is tied to the Solar Alternative Compliance Payment (SACP) , which decreases slightly each year by design. As the SACP lowers, it puts downward pressure on SREC market prices. The 20% drop you’ve noticed from January through March reflects this scheduled decline in the compliance payment, which impacts the overall price per SREC