SREC stands for Solar Renewable Energy Credits and they are available in certain states that have set up a Renewable Portfolio Standard and created a marketplace for entities to trade these credits. Utilities can purchase SRECs to meet their renewable energy obligations. SRECs trade on the open market and their value fluctuates over time. SREC programs are typically for a 10-15 year period. A solar installation typically generates one SREC for every 1000 kWh of electricity produced, but may differ depending on local regulatory policy.
SREC Trade has up to date market data on current SREC prices in different states: