Virginia recently passed a law (more info here: https://www.vacleaneconomy.org) that provides a requirement for utilities like Dominion to purchase renewable energy credits, or "RECs". Since you have a renewable energy generator in the form of a solar PV array, you can produce "SRECs" that meet the definition of what Dominion has to buy to meet the state's obligation. Virginia put this law into place to help encourage residents, business owners, and utilities to adopt cleaner energy practices, and by selling your SRECs you would be taking advantage of this new law.
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- Virginia Renewable REC Market: New Classification and Opportunity to Monetize RECs
- Mercado de SRECs en Virginia
- VA Market Overview
- Virginia SREC Processing Timeline
- SREC Pricing In Virginia
- I live in Virginia, why am I receiving information about the Pennsylvania SREC market?
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- Sigora & Carbon Solutions Group Partnership
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