If you own a rooftop solar system on your home or building, you can sell SRECs for every 1 MW (or 1,000 kW) of solar energy you generate. Some states mandate that utilities and other buyers purchase SRECs from homes and businesses in order to meet the Renewable Portfolio Standard (RPS) law. You can generate and sell your SRECs through Currents, creating passive income without lifting a finger.

No, you are not selling the actual energy or electrons when you sell SRECs. These credits represent the "renewable" attributes of the energy you've generated. It's an additional value that solar provides to the energy grid. Selling the actual electrons is often referred to as Net Energy Metering (NEM), when your utility credits you for the solar you sell back to the grid when your home doesn't consume it. SRECs and NEM are separate benefits of solar that don't interfere or interact with each other.

Renewable energy that comes from your solar system is valuable to the grid and the other parties who purchase and sell energy. When renewable energy is exported to the grid, it's mixed into all the other form of electricity, dirty or clean. SRECs create value because they are verified certificates of your energy's "renewableness". Utilities purchase this rather than paying a fine to the state because they are required to produce a certain amount of renewable energy. SRECs are just the solar-specific version of the REC market.

The price of SRECs varies by day and by the location of your solar system. Each state has its own market and the prices fluctuate like other markets (i.e. stocks, etc.). We'll help you identify how much your SRECs are worth and pay you based on this price minus our competitive fee (5% or $5/minimum, whichever is greater).

By connecting your solar data to our platform, we can automate the creation of SRECs on your behalf. It's an automated and simple process that only takes a couple of minutes to add your account and start earning. Similar to how you would connect Venmo to your bank accout, we can connect your solar data to the SREC market. This is safe and doesn't expose any personally identifying information.

Currents offers payouts through market spot prices. These prices fluctuate with supply and demand but will become passive income for you. We'll soon offer fixed contract rates. Contact us to learn more.

It's quite simple. First, you'll need to provide us with your system information - panels, inverter, interconnection date and more. We'll register your system with your state and tracking registry on your behalf. From there, you'll sign a form to let us manage the SRECs and connect your solar data. Lastly, tell us what kind of payout you'd like. We'll take it from there and keep you updated along the way!