Solar RECs (SRECs)
- Generated by
- PA-sited solar PV, any system size
- Credit basis
- MWh generated
- Geographic rule
- PA-sited only — Act 40 of 2017
Solar & Energy Efficiency Credits
Pennsylvania
SRECs & Tier II AECs
Turn solar generation and completed energy efficiency projects into recurring credit revenue — we handle PennAEPS enrollment, PJM-GATS registration, and market sale.
- Market classification
- PA Tier I & IISolar & efficiency specialists
- Asset lifecycle
- 15 YearsAct 129 claimable-life cap
- Market share
- 0.5%Efficiency share of Tier II credits retired
- Liquidity forecast
- 2028PUC-projected Tier II shortfall
- Weighted average
- $26.92Avg Tier II AEC price, 2024–25
- Range high
- $41.002024–25 high
- Ceiling
- $45.00Alternative Compliance Payment
- Credit duration
- TRM measure lifeBy measure type — Act 129 caps claimable life at 15 years
Source: Pennsylvania Alternative Energy Portfolio Standard Program (PennAEPS), 2024–25 compliance year.
Choose your project type
What kind of project do you have?
CHP & Cogeneration
For facilities with on-site generation and a use for the recovered heat.
Explore this project typeSolar PV
For owners of Pennsylvania solar PV systems, from rooftops to larger installations.
Explore this project typeEnergy Efficiency Projects
For completed lighting, HVAC, controls, and industrial efficiency upgrades.
Explore this project typeGeothermal
For buildings with geothermal heating and cooling systems.
Explore this project typeSRECs & Tier II AECs
Tier II AECs
- Generated by
- Energy efficiency, geothermal, CHP, demand-side management
- Credit basis
- MWh generated or conserved
- Geographic rule
- PA-sited only — Act 114 of 2020
How It Works
From Project to Revenue
Our streamlined 3-step process takes your completed energy efficiency projects and converts them into monetized RECs.
01
Register
We submit the project for REC creation, registration, and prepare for liquidation to qualified purchasers.
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02
Report
RECs are certified and tracked in the registry, ensuring full compliance and audit-readiness.
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03
Monetize
RECs are cleared through RFPs, generating monetary incentives. Revenue is shared between asset owner and Emergent.
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Generation assets — solar PV, CHP and other distributed generation — also carry ongoing monthly GATS reporting for the life of the system, which we handle under the ROA or Schedule A.
Market Data · 2025 PUC AEPS Report
PA Tier II REC Pricing Trends
Total AEPS compliance costs hit $702 million in 2025. Tier II prices reached $26.92/MWh with the PUC projecting a supply shortfall beginning in 2028.
$702M
Total Compliance Cost
2024/25 reporting year
$26.92
Tier II Avg Price
per MWh · weighted avg · up 1,300% since RY2020
25.0M
Credits Retired
across Solar, Tier I & Tier II
2028
Supply Shortfall
PUC projected Tier II deficit
Tier II Weighted Average Price History
RY2015–RY2025 · $/MWh weighted average (PUC AEPS Annual Reports)
Tier I vs Tier II vs ACP
Recent compliance years · Weighted avg $/MWh
Total AEPS Compliance Costs
2020–2025 · $ Millions by tier
Tier II Credit Sources (2025)
Energy efficiency is 0.5% of Tier II credits retired
PUC Projects Tier II Supply Shortfall by 2028
The 2025 PUC AEPS Report projects a likely shortfall in Tier II credit supply beginning in 2028 as waste coal facilities — 50.5% of RY2025 Tier II credits retired — continue to retire. With the 10% compliance obligation requiring 13.6M+ credits annually and 100% sourced from Pennsylvania, prices could approach the $45 ACP cap. Energy efficiency accounted for just 0.5% of RY2025 Tier II credits retired, signaling massive untapped opportunity for building owners to register qualifying projects now.
Why Tier II Prices Are Rising
Act 114's in-state requirement, retiring waste coal generators, and a 10% compliance obligation have driven Tier II weighted-average prices from $1.92/MWh in RY2020 to $26.92 in RY2025 — a 1,300% increase in five years, with RY2025 essentially flat against RY2024's $26.47. Total Tier II compliance costs rose from $3.6M in 2020 to $367.6M in 2025. As prices approach the $45 ACP cap, now is the optimal time to register and monetize your energy efficiency projects.
Source: PA PUC 2025 AEPS Annual Report · Compliance year ending May 31, 2025
Start with your project type
Choose your project below to begin a custom evaluation.
Transparency
How We're Compensated
No upfront fees. No retainers. Just results.
1
We review your project documentation and estimate REC production.
2
Our compensation is a percentage of the REC revenue generated. You receive the majority of proceeds.
3
If your project doesn't generate RECs, you owe us nothing. Our incentives are fully aligned with yours.