Estimate Solar Renewable Energy Certificate (SREC) revenue based on system production and market pricing.
Input Parameters
Results
--
Annual SRECs Earned
--
Year 1 Revenue
$
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Total SREC Revenue
$
--
Avg SREC Adder
$/kWh
Note: SREC markets vary greatly by state. Top markets include NJ, MA, DC, and MD. One SREC typically equals 1 MWh (1000 kWh). Prices can range from $10 to $400+.
Reference
Annual SRECs = Annual Production / SREC Size
Year 1 Revenue = Annual SRECs x SREC Price
Year t Revenue = SRECs x Price x (1-decline)^t x 0.995^t
Avg Adder = Total Revenue / Total Energy