What Are SRECs in NJ?
In New Jersey, SREC stands for Solar Renewable Energy Certificate. You may also hear it referred to as a Solar Renewable Energy Credit. That’s because the program is managed at the state level and different states use similar names for their programs, and in some states the “C” in SREC does stand for “Credits”.
In New Jersey, an SREC is created when a solar panel system generates 1,000 kilowatt-hours (kWh) or 1 megawatt-hour (MWh) of electricity. So, for every megawatt you produce, you get a credit, even if you’re the one using the electricity.
The Renewable Portfolio Standard (RPS) program requires that a certain percentage of electricity sold in New Jersey be generated from renewable sources. Rather than invest renewable energy projects themselves - which can take years and cost millions to build and maintain - the utility companies are happy to buy the credits for the energy you produce.
To support these transactions, SRECs are tracked through the PJM-GATS (Generation Attribute Tracking System) registry and can be traded just like stocks on Wall Street between parties.
As a renewable energy producer, every SRECs you produce can be sold into this marketplace and the revenues can be used to offset the investment you made in your solar panel system.
Our SREC Services
Registration in the Program
As with any government program, there’s a tedious registration process that we take care of for you. We’ll fill out all the forms for SREC program registration, ensuring you're seamlessly enrolled and set up to start selling your credits.
Our cutting-edge technology and solar energy management app track your system's performance, guaranteeing that every kilowatt-hour produced is accounted for and you get every SREC you’re owed.
Advising & Consulting
We keep you well-informed about market trends, policy changes, and strategic opportunities. With our consulting prowess, you'll make choices that amplify your SREC gains.
Managing Your SRECs
We optimize your SREC market portfolio to maximize the value of your solar investment. From tracking to trading, we’ll optimize your SREC revenue stream.
Commercial NJ SREC Management Services
Effortlessly navigate the process of Commercial SREC Management with us. From overseeing SRECs for large-scale commercial and industrial sites to facilitating transfers for real estate agents, we cover it all.
Start Realizing Your SREC’s Revenues
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See What Our Clients Have to Say
Why Choose Solar Me as Your NJ SREC Aggregator?
When it comes to your NJ SREC program account, there are two options: self-management or professional assistance from an aggregator.
As with a mutual fund, there’s a fee that aggregators charge for professionally managing the fund. At Solar ME, our fee is 7%. You can compare that to our competitors like SRECTrade who increased their fees to 10% in 2023.
Extensive Industry Experience
Like all things solar, we’ve been managing NJ SRECs for our New Jersey customers for quite some time now. And just like with everything we do, our customers’ satisfaction with our service speaks to the care and expertise with which we’ve navigated the NJ SREC market for them, ensuring they’ve gotten excellent returns on their solar investments.
Wide Service Area
With a service area that extends across New Jersey, we're dedicated to making the benefits of SREC accessible and effective for everyone in the Garden State with affordable and responsible management.
Our SREC Management Process
At our first meeting, we’ll discuss your solar system and whether it qualifies for New Jersey solar credits and answer any questions you may have.
Registration in program
Next, we’ll complete the necessary documents and send them to you via RightSignature to sign. We will submit this form to the state and confirm with you when the transfer is completed (generally between 2-4 weeks).
Monitoring & Management Setup
At the same time, we will send your ACH document for completion detailing where you would like your monthly payments to be deposited. Once the paperwork is complete, our team will track your solar system’s energy production and provide regular reports.
Solar ME sells SRECs on your behalf, and you earn cash. It’s as simple as that.
What Our Customers Think
Great customer service, very knowledgeable of what they are doing. They provide you with guides and information when you needed. Also the installation process was painless and the transition to solar has been pleasant so far. I would recommend it a 100%
Solar Me is a great company to work with. They made the process simple and their teams are very knowledgeable and have answered all my questions even years after my installation. I've referred them to multiple folks looking for solar panels.
Working with Solar Me was a great experience. They were quick and easy to work with, installed the solar panels efficiently and sent all their updates as texts. I would definitely use them again.
Solar me was great and very easy to work with! My husband and I would absolutely recommend them to anyone we know looking to make the switch to solar!
A friend of my recommended that I to go with Solar Me USA company. Both Brett and Jessica worked very closely with me throughout the entire project and were extremely knowledgeable and responsive. From proposal to installation, it took about 4 months. Their installation team was very professional, friendly, and knowledgeable about state and local regulations and requirements. I was extremely pleased with the way they managed and executed the entire project. Jessica even helped me set up the state TRAC process without any hiccups. I strongly recommend Solar Me for anyone looking for solar and roof installation services.
SolarMe was a great company to work with from beginning to end and I can’t say enough good things about Mr. Brian Poppen. He was a true professional and subject matter expert from everything including the panels, financing, construction/permit process, and Renewable Energy Credits. SolarMe wasn’t the lowest offer we received initially, but they were trustworthy and did not include any hidden fees in their quote while others attempted to mislead us on additional cost factors. SolarMe ended up being the lowest price and best value decision. Further, they did a fantastic job with the installation, construction paperwork, and setting up our system for Energy Credits. I would highly recommend SolarMe to anyone considering a solar system install!!
Great company with outstanding customer service! We had four different companies come out and Solar Me was by far the most honest and knowledgeable. 5 stars! Hands down
FAQs about Our SREC Management Services
What happens if my system underproduces?
Solar ME manages your account, so if your system underperforms, we'll be alerted immediately. Unlike other solar companies in New Jersey, we contact you directly to diagnose the issue and return your system to optimal performance.
How do I switch to Solar ME as my aggregator?
Simply let us know! Well, handle the paperwork - all you need to do is sign through RightSignature. Once done, we submit it to the state. The transfer typically takes between 2-4 weeks. Solar ME will also set up an ACH payment for your monthly deposits.
How does Solar ME help with an issue with my solar system's production?
Solar ME actively monitors your monthly production. Therefore, if there are any discrepancies, we'll know and take swift action to restore your solar system to maximum performance.
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