Bank of America Routing Number. ABA (American Bankers Association) number or a routing number is a nine-digit number, unique for a bank, or credit union, that serves as its identification for processing financial operations. Thanks to a routing number, confusing a bank with the one of a similar name became impossible.
Solar Renewable Energy Certificate. Solar Renewable Energy Certificates (SRECs) or Solar Renewable Energy Credits are a form of Renewable Energy Certificate or Green tag existing in the United States of America. SRECs exist in states that have Renewable Portfolio Standard (RPS) legislation with specific requirements for solar energy, usually referred to as a solar carve-out.
It is estimated that a 5 kW solar system will generate a little less than 6 SRECs per year. A solar panel system will generate SRECs for 10 years. When the SREC program first started, the supply of SRECs was much less than the utilities needed so SRECs were selling for over $500 each. And then for awhile, after the solar market grew quicker than expected, the supply of SRECs became oversupplied and SRECs sold for less than $200. Since that time, however, the market has stablized and SRECs are selling close to their auction price of $285. Here's a updated SREC pricing chart.