SREC Sale Completed
Well, my SREC’s for 2004-2005 sold. I got a check in the mail yesterday for $208.55 for each of 6 SREC’s.
Considering that I was offered anywhere from $115 to $150 by the big guys (Sharp, Mainstay) in the last month, it seems that I did the right thing holding out for a better offer.
That check takes a year off my payback! If this rate holds up, my payback will drop from 16 years to 8 years!
One question – please reply in Comments. Is SREC income taxable for Federal or NJ purposes? I’m assuming that it is, but I’d like to hear from someone who has done some research.
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