Share the Sun
HELP MORE FAMILIES GO SOLAR… SHARE THE SUN
Have solar? You can donate your Solar Renewable Energy Credits (SRECs) to support solar installations in low- and moderate-income communities across Philadelphia.
What is a Solar Renewable Energy Credit?
In addition to the immediate benefits to your energy bill, the state of Pennsylvania gives solar generators within the state an additional financial incentive based on how much solar energy they generate. These incentives are called Solar Renewable Energy Credits, or SRECs. Each megawatt-hour of electricity generated by your solar system equals 1 SREC from the state. A typical home in Philadelphia generates 3-5 SRECs annually (or 60-100 SRECs over the useful life of the solar panels). As of October 2023, an SREC is worth $30.
To monetize their SRECs, homeowners must register their solar systems in the Pennsylvania AEPS and GATS systems.
Alternatively, you can choose to donate your SRECs to support solar installations in low- and moderate-income communities across Philadelphia.
Solar & Low-Income Households
The cost of installing solar can be prohibitive for lower-income families. And lower-income families are the ones who need it the most – they can spend 2.4 times as much on their energy bills as non-low-income households. (Source: ACEEE)
Increased energy efficiency measures & solar deployment in low-income communities lowers energy bills, builds local climate resilience, and improves the public health & safety. (Source: DOE)
Installing solar panels at home can lift a family’s assets & property value, as well as prevent them from having to pick between keeping the lights on or paying for other necessities like food and medicine.
To donate your Solar Renewable Energy Credits (SRECs) to another Philadelphia family, sign up here or contact info@phillygreencapital.org to learn more.