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Flett Exchange is the first SREC exchange to launch a market for Maryland Certified SRECs. These RECs are available to Maryland residential solar PV systems installed after 07/01/2024, as per the The Maryland Solar Bill.
These RECs prices will be closely correlated with Maryland’s legacy market, which is what all systems installed prior to this July produce. Maryland utility companies, who are required by the state of Maryland to make an alternative compliance payment (ACP) of $55.00 in 2025, can satisfy this requirement easily with the purchase of new Certified SRECs, which satisfy 150% of the ACP.
This presents a unique opportunity to homeowners who sell their credits to Flett Exchange. Since energy companies are able to get a discount by buying these RECs, homeowners can sell them for more. Currently, the bid for Maryland Certified SRECs is $75.50. To learn more about the state incentives in Maryland available for FY25, review the early blog post about Maryland Certified SRECs and Cost Effective Solar Array Installation. If you are interested in taking advantage of the benefits of going solar, use the Maryland Solar Installation Financial Model and give us a call at 201-209-0234 to speak with a member of our team about your options.