SREC Guarantee
Hire SolarWorks NJ to build your solar energy system, and receive a guaranteed price for SRECs during the first two SREC Energy years the system is in operation. If SREC prices fall below $250.00, SolarWorks NJ will make up the short fall.
Home owners and business owners looking to go solar, can calculate a guaranteed payback on their investment.
SolarWorks NJ believes the volatility of the SREC market is temporary and SREC values will rise over time. There has been a glut of commercial projects being registered with NJCEP due to the 30% Federal Energy Grant, which expired December 31, 2011. Several of these registered projects will never be built. However, this “bubble” of projects has closed the gap between the amount of clean energy required by the NJ State Legislature (the demand) and the amount of clean energy being produced (the supply). What controls the SREC pricing is the gap between supply and demand. There is legislation in place that will eliminate the 2012 benchmark and go right to the 2013 energy year benchmark; thereby increasing the “gap” and raising SREC values.
According to CEO, Steve Masapollo, “Installing a solar energy system still remains a great investment. People moving forward with solar electric projects have the foresight of knowing that electric rates will most definitely rise and their savings from going solar electric will only increase with time. SREC revenue is a plus to the benefits of going solar electric but one cannot lose sight of the overall economic benefit to eliminating or reducing an electric bill forever."
SolarWorks NJ is acutely aware of the concern that homeowners and companies have regarding the recent drop in SREC prices. “By offering this guarantee we believe that this will help alleviate their concern so they can buy with confidence,” says Masapollo. “We want the public to know that we are 100% behind solar electricity generation and we will continue to lead the industry in our commitment in going solar electric.” A homeowner with a 10 kW system would be able to receive as much as an additional $900 per year for their SRECs. The SREC Guarantee will also apply to Commercial projects but will have SREC value and duration determined on an individual project basis. SolarWorks NJ is the first solar energy company to offer an SREC Guarantee.
Please contact SolarWorks NJ for more information on the SREC Guarantee program. Please note: SREC Guarantee value is subject to change and is determined on the current market. The program does not apply to PPA/leasing structures.
The program will be offered for a limited time.
