With SRECs, The Amount Of Money You Receive In ROI For Solar Is UNBEATABLE
Very few things in life that are too good to be true actually turn out real. Except for the Solar Renewable Energy Credits. Once broken down often homeowner's say "That seems like it is too good to be true" Now I realize that with Bernie Madoff and other financial investments that end up blowing up in people's faces that more times than not if it sounds to good to be true it often is.Ted "The Wolf" Strzelecki
However, with the SRECs what you see is what you actually get, for 10 guaranteed years. So what are they? Well, they are an initiative that was designed to have more people go solar. In a simple demonstration they break down like this. *The following numbers are not exact and are used for demonstration purposes only as they vary from state, county and area. You receive X amount of dollars for every 1K you generate of electricity from your solar array system. Not only is this real money returned to you, this is given to you every 90 days, for a guaranteed 40 quarters. Last checked the SRECs here in MA were approx $284 for every 1K so simple math dictates if you have one of our German engineered average 6K systems you will actually generate between 8-9K.
"So get to the point Ted, what does this mean!" Well, you would have received 568 every 90 days for the last year for a total annual income of $2,272.00. Not bad, getting paid to install a solar system on your roof. Don't forget, you probably eliminated your entire electric bill on top of this. So to recap, you are getting paid an additional 2272 as well as cutting your electric bill. This really does sound to good to be true now doesn't it?! But it isn't. It is real and guaranteed by the government for 10 years! When you figure out the cost of the system, the return of 30% from the ITC, and the SRECs you realize you actually eliminated your electric bill AND are making money.
WHY IN THE HELL WOULD YOU LEASE? Right? By the way, when you lease you don't receive any of these. Fact. Food for thought, cheers Wolf Pack!
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