US SREC Cash Markets & 10-Year Revenue Directory
For every 1,000 kWh (1 MWh) of electricity your rooftop solar panels generate, your inverter mints 1 Solar Renewable Energy Certificate (SREC) that electric utilities are legally required to buy under state Renewable Portfolio Standards. Compare live 2026 SREC prices ($35 to $440/MWh), upfront lump-sum payouts, and aggregator commissions below.
2026 State SREC Price & 10kW Cash Earnings Matrix
1 SREC = 1,000 kWh (1 MWh) of verified solar generation. A typical 10 kW residential array mints 12 to 14 SRECs per year.
| State / Market | 2026 Price per SREC (1 MWh) | Annual 10kW Cash Earnings | 10-Year Cumulative Cash | Playbook |
|---|---|---|---|---|
| District of Columbia (Washington, DC) DC RPS Solar Carve-Out (PJM-GATS Tier 1 Solar REC) | $395 – $440 / SREC (1 MWh) | $4,740 – $5,280 / Year (12 SRECs/yr) | $46,500 – $51,000+ Tax-Reported Cash Income | Open Market → |
| New Jersey NJ Successor Solar Incentive (SuSI) — Administratively Determined Incentive (ADI / SREC-II) | $85.00 / SREC-II (Fixed 15-Year State Guarantee) | $190 / SREC (Legacy Transition TREC/SREC) | $1,020 / Year Guaranteed (10kW System @ $85/MWh) | $1,200/yr in Public/Low-Income Adder | $10,200 (10-Yr) / $15,300 Guaranteed Over Full 15-Year NJ SuSI Contract | Open Market → |
| Massachusetts Massachusetts SMART (Solar Massachusetts Renewable Target) & Legacy SREC-I / SREC-II / Class I REC | $260 – $315 / MWh (Legacy SREC-II) | $38 – $45 / MWh (NEPOOL Class I REC) + SMART Energy Storage Adder | $1,500 – $2,200 / Year Combined SMART Battery Adder + ConnectedSolutions VPP ($275/kW-yr) | $15,000 – $22,000+ Combined Massachusetts Storage & REC Incentives | Open Market → |
| Illinois Illinois Shines (Adjustable Block Program — 15-Year Upfront Lump-Sum REC Contract) | $72 – $86 / REC (Paid as a Massive Single Upfront Lump-Sum Check in Year 1!) | $10,500 – $14,800 Paid UPFRONT in Year 1 (Equivalent to 28%–35% of Total System Cost!) | $10,500 – $14,800 Upfront Illinois Shines Check + ComEd/Ameren Net Metering + Battery Rebate | Open Market → |
| Pennsylvania Pennsylvania AEPS Tier I Solar Photovoltaic Share (PA SREC — PJM-GATS) | $31 – $42 / SREC (1 MWh) | $370 – $500 / Year (12 SRECs/yr) + PA 1:1 Net Metering Annual Cash-Out | $3,900 – $5,200 Cash SREC Revenue + $24,000+ PECO/PPL/DLC Net Metering Savings | Open Market → |
| Maryland Maryland RPS Tier 1 Solar Carve-Out (CEJA / Brighter Tomorrow Act — PJM-GATS) | $56 – $62 / SREC Standard | $84 – $90 / SREC (1.5x Certified Low-to-Moderate Income / Rooftop Multiplier!) | $720 – $810 / Year Standard | $1,080+ / Year with 1.5x Brighter Tomorrow Act Multiplier! | $6,800 – $9,800 Cash SREC Revenue + $1,000 MD Rebate + $5,000 MD Battery Tax Credit | Open Market → |
| Ohio Ohio PUCO & Cross-Border PJM-GATS Tier I REC Market | $4.50 – $7.50 / MWh (Ohio In-State SREC) | $28 – $38 / MWh (Grandfathered PA / PJM Tier I REC) | $90 – $420 / Year Depending on PJM-GATS State Certification Tier | $1,000 – $4,000 SREC Cash + $22,000+ AEP / FirstEnergy / Duke Ohio Bill Savings | Open Market → |
| Virginia Virginia Clean Economy Act (VCEA) — RPS Phase I & II In-State Solar REC (SREC-C) | $42 – $56 / SREC (1 MWh) | $580 – $780 / Year (14 SRECs/yr for a 10kW Virginia Array) | $5,800 – $7,800 Cash SREC Revenue + $22,000+ Dominion / AEP Net Metering Savings | Open Market → |
| Delaware Delaware SREC Procurement Program (20-Year Long-Term Bid Contract & Spot Market) | $35 – $55 / SREC (Spot & Tier 1 Fixed Bid Contracts) | $480 – $720 / Year + Up to $6,000 Upfront DNREC / Utility Green Energy Cash Grant! | $5,200+ SREC Cash + $6,000 Upfront Delaware Green Energy Grant | Open Market → |
| National SREC Broker Comparison SRECTrade vs. Sol Systems vs. Flett Exchange vs. Carbon Solutions Group vs. Knollwood Energy | 5% – 10% Brokerage Commission vs. 0% Direct State Portal (NJ SuSI) | Saves $1,500 – $4,800 Over 10 Years by Picking the Right Fee Tier & Contract Type | Up to 95% Net Payout Retention with Low-Fee Spot/Annuity Brokerage | Open Market → |
| California California WREGIS REC Registry, CPUC NEM 3.0 Avoided Cost & DSGS / SGIP Storage Monetization | $350 / kW-yr (CA DSGS VPP) + $2.00 / kWh (ELRP) + $15–$35 / MWh (Voluntary WREGIS REC) | $1,400 – $3,200 / Year via California DSGS VPP + NEM 3.0 September ACC Export Spikes ($3.00+/kWh!) | $18,000+ VPP & ACC Export Credits + $45,000+ PG&E/SCE/SDG&E Self-Consumption Savings | Open Market → |
| Maine & New England (NEPOOL-GIS) Maine Class I / Class IA REC & New England NEPOOL-GIS Regional Market (ME, NH, VT, CT, RI) | $34 – $44 / MWh (NEPOOL-GIS Class I REC) | $420 – $540 / Year (12 RECs/yr Sold Into Maine / MA / CT Class I Market) | $4,200 – $5,400 Cash REC Revenue + $26,000+ CMP / Versant Net Energy Billing Savings | Open Market → |
DC RPS Solar Carve-Out (PJM-GATS Tier 1 Solar REC)
Why Washington, DC is the single most lucrative residential SREC cash market in the world: how the $460/MWh Alternative Compliance Payment (ACP) forces Pepco suppliers to pay DC homeowners $395–$440 for every 1,000 kWh of solar generated—paying back an entire 10kW rooftop system in just 2.8 years!
NJ Successor Solar Incentive (SuSI) — Administratively Determined Incentive (ADI / SREC-II)
Complete homeowner guide to New Jersey’s Successor Solar Incentive (SuSI) Administratively Determined Incentive (ADI) program: how to lock in a guaranteed $85/SREC-II fixed payout for 15 full years, avoid missing the strict pre-installation ADI registration rule, and trade legacy NJ TRECs/SRECs.
Massachusetts SMART (Solar Massachusetts Renewable Target) & Legacy SREC-I / SREC-II / Class I REC
How Massachusetts solar incentives work in 2026: understanding the DOER SMART tariff blocks, why adding an LFP battery unlocks both the SMART Energy Storage Adder AND $1,375+/year in ConnectedSolutions VPP cash, and how to trade legacy SREC-I/SREC-II and NEPOOL Class I RECs.
Illinois Shines (Adjustable Block Program — 15-Year Upfront Lump-Sum REC Contract)
Why Illinois has the #1 upfront cash solar incentive in the Midwest: how the Illinois Shines (Adjustable Block Program) pays ComEd and Ameren homeowners $10,500 to $14,800 in a single upfront lump-sum check within 6–9 months of installation for 15 years of forward-minted SRECs.
Pennsylvania AEPS Tier I Solar Photovoltaic Share (PA SREC — PJM-GATS)
How Pennsylvania Act 40 closed the out-of-state border-Keep-In rule to rescue PA SREC prices: complete guide to registering your PECO, PPL, Duquesne Light, or FirstEnergy solar system with the PA AEPS Administrator and selling PA Tier I SRECs.
Maryland RPS Tier 1 Solar Carve-Out (CEJA / Brighter Tomorrow Act — PJM-GATS)
How Maryland’s Clean Energy Jobs Act and Brighter Tomorrow Act supercharged residential SREC payouts: earning $56–$62/MWh standard—or a massive 150% (1.5x SREC) bonus multiplier for qualifying residential rooftops—plus the $5,000 Maryland Battery Tax Credit.
Ohio PUCO & Cross-Border PJM-GATS Tier I REC Market
How Ohio homeowners in AEP Ohio, FirstEnergy (Ohio Edison / Illuminating Co / Toledo Edison), AES Ohio, and Duke Energy territory can register their rooftop solar array on PJM-GATS and monetize Renewable Energy Certificates across the PJM grid.
Virginia Clean Economy Act (VCEA) — RPS Phase I & II In-State Solar REC (SREC-C)
How the Virginia Clean Economy Act (VCEA) created a booming $42–$56/MWh SREC cash market for Dominion Energy and Appalachian Power homeowners—and why you should never let an installer take your Virginia SRECs for a tiny upfront discount.
Delaware SREC Procurement Program (20-Year Long-Term Bid Contract & Spot Market)
How Delaware homeowners stack the $6,000 upfront Green Energy Program cash grant with 20-year Delaware SREC Procurement contracts through SRECDelaware.com across Delmarva Power, Delaware Electric Cooperative (DEC), and municipal utilities.
SRECTrade vs. Sol Systems vs. Flett Exchange vs. Carbon Solutions Group vs. Knollwood Energy
Head-to-head forensic comparison of the 5 largest US residential SREC brokers and aggregators (SRECTrade, Sol Systems, Flett Exchange, Carbon Solutions Group, and Knollwood Energy): commission percentages, spot vs. upfront lump-sum traps, and how to switch brokers.
California WREGIS REC Registry, CPUC NEM 3.0 Avoided Cost & DSGS / SGIP Storage Monetization
Why California homeowners don’t use traditional East Coast SRECs—and how they make even MORE money ($1,400–$3,200/year) by monetizing California DSGS Virtual Power Plant payouts, September NEM 3.0 Avoided Cost Calculator ($3.00+/kWh) battery exports, and SGIP rebates.
Maine Class I / Class IA REC & New England NEPOOL-GIS Regional Market (ME, NH, VT, CT, RI)
How homeowners in Maine, New Hampshire, Connecticut, and Rhode Island monetize their rooftop solar production across the 6-state New England NEPOOL-GIS Class I Renewable Energy Certificate market while keeping 100% of their CMP/Versant/Eversource net metering credits.