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.
A homeowner will earn one SREC for every 1000 kilowatt hours (kWhs) produced by their solar panel system. An SREC can be worth as much as $300 in certain markets. SRECs exist as a result of a regulation known as the renewable portfolio standard (RPS). Renewable portfolio standards are state laws that require utilities to produce a specific percentage of their electricity from renewable resources.