SRECS (Solar Renewable Energy Credits)
It’s best to think of SRECS as a receipt of how much renewable energy your solar panels have produced in a given amount of time. Once your solar system produces 1,000 kilowatt hours, you will receive one solar renewable energy credit.
Once your solar system has been installed you can sell your solar renewable energy credits on an open SREC market. Again, like the Maryland State grant and solar tax credits you will only receive these incentives by choosing to own your solar power system.