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Photovoltaic renewable power certificates (SREC) aggregator RECmint has rebranded and relaunched after doing enterprise as Solar Tribe Buying and Selling since 2020. RECmint is an SREC aggregator and dealer within the Mid-Atlantic that streamlines the method for residential clients to mint and promote SRECs from their photo voltaic PV methods. As well, RECmint has been purpose-built to resolve the most typical ache factors photovoltaic installers have traditionally skilled onboarding clients to SREC platforms.
The corporation initially catered to Virginia residents, however, it has just lately expanded into Washington, D.C., and Maryland in response to buyer demand. It plans to expand into further PJM states shortly. Along with its rebrand and geographic growth, RECmint can prioritize decreasing prices for its customers and has decreased its spot market transaction charges to 5%.
With greater than 60 photo voltaic installer companions and almost 6,000 residential clients and counting, RECmint supplies a modernized platform with an easy-to-navigate person interface, integrations with all main inverters, and automatic processes that make it simpler than ever for installers to enroll residential clients. Customers of the platform can rapidly monetize their residential photo voltaic era, trusting that RECmint will monitor their system for peak efficiency.
“SRECs could be a massive part of the affordability equation for photo voltaic homeowners, and so they have a necessary function to play within the power transition general. Within the age of Amazon Prime and Apple Pay, the minting and buying and selling expertise should decrease friction and complications,” stated Ian Ayers, president of RECmint. “RECmint will proceed to excellent the SREC expertise; our customers can anticipate a clean signup course of, automated reporting, and predictable deposits.”
SRECs are a solar-specific kind of renewable power certificates (REC), which is actually the “receipt” that confirms a specified amount of renewable power. One REC is the same as 1 MWh of fresh power. Utilities should purchase SRECs to satisfy inner or state-mandated renewable power targets and firms should purchase them to make progress towards renewable power or emissions-reduction targets. By promoting their SRECs using an aggregator like RECmint, residential clients can additionally increase the worth of their photovoltaic PV methods.
RECmint is related to residential clients by way of its close partnerships with photovoltaic PV installers, and it has streamlined the person’s expertise to deal with the most typical issues installers face on different SREC platforms, making effectiveness and ease prime priorities. The corporation’s fast referral funds for installers are above the business normal, and installers may save time with RECmint’s distinctive referral platform, which simplifies all steps concerned. Lastly, RECmint is the one platform of its variety that provides customized information integrations for any installer to simplify workflows.
RECmint’s superior power reporting platform permits it to monitor buyer system efficiency, permitting its operations crew to flag system points that may trigger actual monetary losses for photovoltaic homeowners. Widespread points — something from failing inverters to shading from current tree development — can contribute to underperformance and result in a discount in precise power era and SREC earnings. And in a state like Virginia, where retail web metering continues to be commonplace, that PV era can characterize a major value to offset the client’s utility invoice. As the one SREC aggregator invested in maximizing PV system efficiency, RECmint supplies an additional layer of worth and peace of mind to its clients.
RECmint presents its finish customers with versatile cost choices, together with spot market, locked price, which fixes the value per REC for a period of three or more years, and upfront lump sum cost, with aggressive phrases. Together with a wide range of pricing choices, RECmint has newly streamlined its registration process to be even sooner and simpler than earlier, with most of its clients receiving registry approval within 5 days or much less.
RECmint started as Solar Tribe Buying and selling in 2020 as an offshoot of Solar Tribe and its core companies: Solar Tribe EPC (Engineering, Procurement, and Building), Solar Tribe Improvement, and Solar Tribe Asset Administration. As RECmint solidifies its place within the residential sector, Solar Tribe continues to strengthen its attention to the utility- and community-scale photovoltaic markets within the Appalachia, Mid-Atlantic, and Southeast areas.
RECmint is including its crew as demand for its companies continues to ramp up. It additionally plans to expand into new and neighboring markets, similar to New Jersey and Pennsylvania. Whereas RECmint focuses totally on the residential market, it serves business and large-volume clients with bespoke monetization companies.
Information and merchandise from RECmint
