PORT CHESTER, N.Y. and SAN FRANCISCO, Oct. 6 /PRNewswire/ -- Mercury Solar Systems, Inc., one of the top solar integrators on the East Coast and Inc. 500's "10th Fastest Growing Energy Company", has joined forces with SRECTrade to offer its customers a simple and inexpensive way to sell Solar Renewable Energy Certificates (SRECs). SRECTrade is the largest monthly auction for SRECs in the U.S. serving customers in over 15 states.
Under the terms of the partnership, SRECTrade will service the SREC trading needs of Mercury Solar Systems' customers in New Jersey, Pennsylvania, Maryland, and Delaware. The service includes filing the state certification paperwork, registering the customer with SRECTrade's EasyREC service, and managing all SREC transactions. Although the service is completely hands-free, customers will be able to track their production and account history online.
"At Mercury Solar Systems we believe innovation is critical to servicing our customers and with SRECTrade we now offer them an efficient, cost effective, and transparent platform to manage the complex SREC sales process," said Frank Alfano, Chief Executive Officer, Mercury Solar Systems.
A customer earns SRECs based on the amount of solar electricity their system produces. One SREC equals 1,000 kilowatt hours (kWh) of solar electricity. For a 10kW system, a customer can generate approximately 12 SRECs per year. Recent SRECTrade auction pricing for New Jersey SRECs was $625 and $301 for Pennsylvania SRECs.
"Mercury Solar Systems has developed a reputation as one of the best installation companies in the U.S. and we are proud to have them as a partner. Both companies share a commitment to customer service and we believe this partnership further establishes SRECTrade as the leading platform for solar owners," commented Brad Bowery, Chief Executive Officer, SRECTrade.
About Mercury Solar Systems
Mercury Solar Systems is the largest solar integrator in New York and one of the leading firms on the East Coast. The Company designs and installs solar electric and solar thermal energy systems for the commercial and residential marketplace and to date has installed over 1,000 solar systems totaling 12MW of energy. Mercury Solar Systems is a subsidiary of Mercury Energy, a leading provider of solar energy systems throughout the United States. For more information visit www.MercurySolarSystems.com.
Mercury Solar Systems is a registered trademark of Mercury Solar Systems, Inc.
SRECTrade is the only independent, public monthly auction for SRECs in the U.S. SRECTrade has successfully held 25 monthly auctions over the past three years. This experience and user base allows SRECTrade to provide unmatched liquidity in a transparent marketplace where prices are determined solely by supply and demand. The Company provides a convenient platform for buyers and sellers of any size to obtain market prices on their SREC transactions. In addition to holding monthly auctions and running a live forwards exchange, SRECTrade also aggregates SRECs through EasyREC, a full service SREC account management product. This hands-free offering handles all state registration, tracks generation, automatically places SRECs in the auction as they are generated, and delivers payments to the system owner's account. For more information visit www.SRECTrade.com.
SOURCE Mercury Solar Systems, Inc.