Customers typically receive their first payment within 3-6 months after signing up with Sol Systems (large systems that have not been registered with the state may require additional time).
To be eligible for a payment, a system must:
✔ be registered and approved with its state Public Service Commission or Public Utilities Commission
✔ be registered and approved with its Regional Transmission Organization, or RTO (PJM-GATS or NEPOOL-GIS)
✔ have produced and minted at least one SREC, generally awarded for every 1,000kWh
✔ have had its SREC sold by Sol Systems, for Sol Brokerage contracts
Quarterly payment schedule
Sol Annuity, Sol Combo, Sol Profit Share, and Sol Brokerage systems are paid quarterly for SRECs according to the schedules below. Quarterly payments take place on the last business day of the month
Sol Upfront payments are paid within 15 business days of approval on a rolling basis.
PJM-GATS (D.C., DE, MD, NJ, PA, OH) Payment Schedule
Massachusetts Payment Schedule