Wednesday, November 25, 2009

It is Done!

We are signed and sealed to start generating and selling SRECs. SRECTrade has done pretty much everything. I barely lifted a finger, and as I understand it, won't need to lift any unless I want to make any changes.

The only question I keep meaning to ask is can we do anything with the seven or so SRECs worth of power we already generated. I'm sure that's just down the drain but I ought to ask.

Here's the confirmation we just received.

Good Afternoon,
I wanted to confirm to you that GATS has linked your account to SRECTrade. Going forward, SRECTrade will automatically check your account for SRECs and place your bid on your behalf in our monthly auction. Here's an overview of what to expect when an auction closes each month:

1. After the auction closes, we send a general email to all of our clients with our closing prices.

2. You will then receive an individual email detailing one the following outcomes:
  • A statement showing how many SRECs you sold and the amount of funds due to you
  • Your bid exceeded the closing price and the number of SRECs that will be carried over to the next auction.
  • Your facility did not generate any SRECs for the month
3. If you successfully sold SRECs, payment will be initiated to you within 10 business days of the auction closing date. Your payments will be made via direct deposit.
Please note that the payments will come from "Inclime LLC" and an initial deposit of .01 will be made to your account to confirm that our bank has set your account up properly.
Our next auction closes on December 4th.
Please let us know if you have any further questions regarding our EasyREC process.
We look forward to working with you. Have a wonderful Thanksgiving!

Tuesday, November 24, 2009

SRECTrade Making Things Happen

It's been so hard moving the process forward so far because everything had to start with me -- the guy who knows nothing about what needs doing.

That's changing, now that SRECTrade has been authorized (by us) to push the paperwork through so we can start earning SRECs (which they will sell for us at auction). Here's the letter I just received:

"Thank you for signing up for EasyREC with SRECTrade! We have received the enrollment forms you sent in and are in the process of setting up your GATS account.
The next step in the process is to send the Schedule A you completed to GATS via email. You will be cc'd on the email and GATS will ask you to respond, verifying that you wish to link your account to SRECTrade. After you respond to GATS, they will review and approve your account. Your facility will then be linked to SRECTrade's account, allowing us to transact and sell your credits easily. "

In other words, they're doing everything. What a relief. The SRECs should start rolling in soon.

Thanks SRECTrade, that was the smartest decision we made yet.

Sunday, November 8, 2009

System Update

The electric meter on the side of the house currently reads 16976. That's about where it was in mid-August. That means that since then we've generated as much power as we used. At this rate we'll be pretty far in the black by the time the air-conditioning season comes around again.

This stuff really works...

Thursday, November 5, 2009

Five Months Later -- State Certified

I received a letter from NJCEP today. We finally have a New Jersey Certification number for our system.

It's been five months and a day since we've been generating power, so forgive me if I'm not jumping up and down. If this were July I'd probably know exactly what to do to begin earning and selling SRECs. I'll have to brush up on it all over again.