Getting Started with SRECs
If you are a solar installer and require capital to fund your project, you have a variety of possibilities open to you. One of the most appropriate ways to secure extra capital could be to invest in solar renewable energy certificates (SRECs). The return on your investment could be well worth the money you spend now. Even if you need to obtain another kind of financing in order to purchase SRECs, putting forth the extra effort to do so may be a wise strategy. Ultimately, your purchase and turnaround of SRECs could fund a significant portion of your solar installation project.
What Is an SREC?
Whether you are interested in solar power as a renewable energy source or as an investment trend, the solar energy industry is certainly worth considering. In addition to the savings you will already enjoy by utilizing solar energy, solar renewable energy certificates offer even more of a cost incentive. When you produce solar energy as a homeowner, you receive a voucher in the form of an SREC. In fact, you will earn one SREC for every MWh (which is equal to 1,000 kWh) of energy that you have produced.
Once you have earned these credits, you can sell them to utility companies. Utility companies are required to get a certain amount of renewable energy, so they will need to purchase them from various sources. The first step for a homeowner would be to register for a free solar quote. The next step is to get solar energy for the home.
Financing Your Solar Energy Project
If you are a commercial investor and need cash for your solar energy project, you might consider getting it through an alternative lender. Along with SRECs, you could have many more choices available to you than you realize. Consult a professional at Trihawk Capital for more information on funding solar energy projects.
