The most popular search topic on this blog, by far, is about whether or not SREC income is taxable. I did a little research last winter and concluded that it isn't, and I filed my 2010 tax return without mentioning it.
For more detail on this topic you can check out the March 20 blog post here: Taxable?
Tuesday, July 27, 2010
Friday, July 16, 2010
One June SREC
SRECTrade Customer Service got back to me pretty quickly. It turns out that we sold one June SREC for $665.04. I'm pretty sure we've done two in a month at least once so I'm having a hard time figuring out how we only had one. But we only had one.
Wednesday, July 14, 2010
No Report on June SRECs
Well, the SREC auction was held last week but still no word from SRECTrade on how we made out. Usually there's an email confirming how many we sold, even if that number is 0.
I can't imagine that we didn't generate at least one SREC during sunny June. I was actually hoping for two. After a couple more days I guess I'll have to break down and ask somebody...
I can't imagine that we didn't generate at least one SREC during sunny June. I was actually hoping for two. After a couple more days I guess I'll have to break down and ask somebody...
Monday, July 12, 2010
"Guest Blogger" Talks about Fifteen Year Limit on SREC Generation
Here's a "guest blog" by somebody who contributes a lot to this blog -- Mr. Anonymous!
It was actually forwarded as a comment but it's useful information for anybody who is going solar in the Garden State and deserves it's own post.
Take it away, Mr. A...
SRECs are generated beginning the day of interconnection approval. A little 'gotcha' to be aware of: The reporting cycle for SRECs runs June 1 to May 31st of the following year. You are eligible to generate SRECs for 15 years, so if your system is being built on May 1st, whatever you do, wait until after May 31st to get the interconnection approval because you miss out on a whole year's worth of SRECs if you come online before May 31st. If you come online with interconnection just after May 31st, you can generate SRECs for another year (technically year 16) of the system. The last thing you want is for your system to produce a single SREC in May and have that count as one year wasted.
Read more here:
http://www.njcleanenergy.com/renewable-energy/tools-and-resources/faqs/srec#Anchor-What-47857
It was actually forwarded as a comment but it's useful information for anybody who is going solar in the Garden State and deserves it's own post.
Take it away, Mr. A...
SRECs are generated beginning the day of interconnection approval. A little 'gotcha' to be aware of: The reporting cycle for SRECs runs June 1 to May 31st of the following year. You are eligible to generate SRECs for 15 years, so if your system is being built on May 1st, whatever you do, wait until after May 31st to get the interconnection approval because you miss out on a whole year's worth of SRECs if you come online before May 31st. If you come online with interconnection just after May 31st, you can generate SRECs for another year (technically year 16) of the system. The last thing you want is for your system to produce a single SREC in May and have that count as one year wasted.
Read more here:
http://www.njcleanenergy.com/renewable-energy/tools-and-resources/faqs/srec#Anchor-What-47857
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