Sol Brokerage
Secure the Highest Spot Price for Your SRECs
Sol Brokerage lets you take advantage of high SREC spot market prices without any effort or market knowledge required. We monitor SREC trading platforms and legislative changes, and we establish an aggressive floor price that reflects current market conditions.
As the market changes, you’ll receive payment for SRECs at prices that are between our achievable floor price and the RPS Alternative Compliance Payment. In one year alone, these SREC payments can cover 10% of total solar energy system costs. (Sol Brokerage is only available in New Jersey and Massachusetts at this time.)
Payment for your SRECs
We will sell your SRECs through SREC purchase agreements with utilities and energy suppliers, and we will pay you the weighted average of the SREC sales made in that quarter less a 5% brokerage fee. For example, in a given quarter we might enter into three purchase agreements:
An agreement for (30) SRECs at $648
An agreement for (50) SRECs at $662
An agreement for (20) SRECs at $672
These three agreements allow us to sell (100) SRECS at a weighted average of $659.80 per SREC. As a Sol Brokerage customer, you will receive the weighted average price of $659.80 for each SREC in your Sol Brokerage account, less the 5% brokerage fee, for a total of $626.89 per SREC.
We only accept new SREC purchase agreements with energy suppliers that allow us to clear our floor price. Each quarter we analyze SREC prices and market factors and we set an aggressive quarterly floor price and target price (see example in chart above). If, for some reason, we are not able to sell all SRECs at a price above our floor price, we will hold your SRECs until the next quarterly cycle.
Expected prices
The value of SRECs will fluctuate as market factors change, but you can expect your SREC sales price to be more than our quarterly floor price and less than the Solar Alternative Compliance Payment (see SACP schedule).
If you would prefer to get guaranteed pricing for your SRECs, you should take advantage of our Sol Upfront and Sol Annuity options.