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Honeydew Energy Advisors put together a case study for a client in Washington, DC who wanted to compare their current SREC (Solar Renewable Energy Certificate) broker, Flett Exchange, with a local competitor, Sol Systems. Here is what we found:



Flett Exchange uses their own valuation of SRECs which can be found on their website (screenshot below). The system owner sold 6 SRECs in August 2019 at a value of $380 / SREC before any fees were applied.


Sol Systems internal team uses a proprietary methodology for SREC valuations. At the same period the system owner sold his SRECs through Flett Exchange (August 2019), Sol Systems valued their SRECs slightly higher at $410 / SREC.

We compared different scenarios (selling 5, 10, 20 SRECs) through Flett Exchange and Sol Systems on both August 2019 and November 2019. Sol Systems was a better option in August 2019, however Flett Exchange provided a slightly higher return in November 2019. We’ve concluded that while Flett Exchange does in fact have the lowest broker fee, savings are often overshadowed by the lower SREC price valuations. 


For those who are more risk-averse, Sol Systems does provide Contract Options to lock in your SREC rates over a certain period of time.


If you’re in the process of going solar or just doing some research, feel free to reach out to one of our energy advisors who can help you compare your options from our network of solar developers and financiers.