SREC Income Calculator
Estimate annual and 15-year income from Solar Renewable Energy Credits (SRECs) in NJ, MD, IL, PA, and other SREC states. Current 2026 market prices.
How this calculator works
- Estimate your income from Solar Renewable Energy Credits — certificates you earn for every 1,000 kWh your system produces, sold on your state's market.
- Pick your state (SREC states only) and system size. The calculator auto-fills the 2026 market price; override to test sensitivity.
- Only a handful of states have real SREC markets (NJ, MD, IL, PA, DC) — this income is a big part of why solar pays back faster there.
Disclaimer: All figures are estimates based on public 2026 data (EIA, NREL PVWatts, DSIRE) and your inputs — not a quote, tax advice, or financial advice. The federal residential solar credit (Section 25D) expired December 31, 2025. Verify with your utility, a licensed installer, and a tax professional before signing anything.
Example scenarios
8 kW in NJ: ~11 TRECs/yr at ~$85 — about $935/yr.
8 kW in MD: ~11 SRECs/yr at ~$65 — about $715/yr.
Data & algorithm
- SRECs per year = (system kW × state production) ÷ 1,000.
- Annual income = SRECs × market price. 15-year income compounds the program term.
Official data sources
- SREC/TREC market prices: Flett Exchange, state program administrators (2026).
All figures dated 2026. Incentives and rates change — verify current values with your utility and the administering authority before making decisions.
Frequently asked questions
How many SRECs does an 8 kW system produce?
About 11 per year — one per 1,000 kWh generated. At NJ's ~$85 price that is ~$935/year.
Who owns the SRECs?
The system owner. If you lease, the leasing company typically claims them — another reason ownership beats leasing in SREC states.