Monthly Payments
Sol Systems has improved its SREC payment process. Payments are now issued monthly via direct deposit, replacing the traditional quarterly payment schedule for most customers.
When does the new payment schedule begin?
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The final quarterly payment will be issued on the last business day of May 2023
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Beginning June 2023, eligible systems enrolled in direct deposit may receive monthly payments
Will I receive a payment every month?
Not necessarily. Monthly payments are issued only when your system generates an SREC that is eligible for payment under your contract terms.
This change does not guarantee a payment every month, but it does provide a faster turnaround between solar generation and receipt of payment for SRECs that are earned.
Do I need to take any action?
No action is required if you are already enrolled in automatic direct deposit.
Are there any state-specific exceptions?
Yes. Massachusetts customers will continue to receive SREC payments on a quarterly schedule.