The results of the Q1 2012 SREC auction from SRECTrade are in and it was a banner quarter as SRECs sold at $540 each, which is about 98% of the maximum $550 payment for 2012.
Yes, my favorite day of the month is now the day I get my electric bill. I was actually getting anxious over the last few days waiting for the bill to arrive. But it came today and I was not disappointed.
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Earlier this month I went to a local meeting of a grassroots environmental group. One of the people I met there had just got solar panels installed, just like me, and we quickly bonded. We both have 5 kW systems that supply a little more than half our electricity needs. And like me, he was very proud of his solar panels and the money he was saving every month off his electricity bill. But whereas I took out a loan to purchase my system, he leased his and, to put it bluntly, he got ripped off. Continue reading