- RECmint, previously known as Sun Tribe Trading, has rebranded
its advanced, automated SREC aggregation platform
- RECmint not only makes monetizing residential solar easier for
homeowners, but its streamlined platform is also purpose-built to
solve the most common pain points for solar installer
partners
- It is the only SREC aggregator monitoring its customers' system
performance in order to maximize SREC earnings
CHARLOTTESVILLE, Va. ,
June 20,
2024 /PRNewswire-PRWeb/ -- Solar renewable energy
certificate (SREC) aggregator RECmint today announced it has
rebranded and relaunched after doing business as Sun Tribe Trading
since 2020. RECmint is the fastest-growing SREC aggregator and
broker in the Mid-Atlantic. It streamlines the process for
residential customers to mint and sell SRECs from their solar PV
systems. In addition, RECmint has been purpose-built to solve the
most common pain points solar installers have historically
experienced onboarding customers to SREC platforms.
"SRECs can be a big part of the
affordability equation for solar owners... In the age of Amazon
Prime and Apple Pay, it's critical that the minting and trading
experience minimizes friction and headaches." —Ian Ayers, president
of RECmint
The company initially catered to Virginia residents, but has recently expanded
into Washington, D.C., and
Maryland in response to customer
demand. It plans to further expand into additional PJM states in
the near future. In addition to its rebrand and geographic
expansion, RECmint is also prioritizing lower costs for its users
and has reduced its spot market transaction fees to 5%.
With more than 60 solar installer partners and nearly 6,000
residential customers and counting, RECmint provides a modernized
platform with an easy-to-navigate user interface (UI), integrations
with all major inverters, and automated processes that make it
easier than ever for installers to enroll residential customers.
Users of the platform can quickly monetize their residential solar
generation while trusting that RECmint will monitor their system
for peak performance.
"SRECs can be a big part of the affordability equation for solar
owners, and they have an important role to play in the energy
transition overall. In the age of Amazon Prime and Apple Pay, it's
critical that the minting and trading experience minimizes friction
and headaches," said Ian Ayers,
president of RECmint. "RECmint will continue to perfect the SREC
experience; our users can expect a smooth signup process, automated
reporting, and predictable deposits."
SRECs are a solar-specific type of renewable energy certificate
(REC), which is essentially the "receipt" that confirms a specified
quantity of renewable energy generation. One REC is equal to one
megawatt-hour (MWh) of clean energy. Utilities can purchase SRECs
to meet internal or state-mandated renewable energy targets, and
corporations can buy them to make progress toward renewable energy
or emissions-reduction targets. By selling their SRECs through an
aggregator like RECmint, residential customers can further boost
the value of their solar PV systems.
RECmint is connected with residential customers via its close
partnerships with solar PV installers, and it has streamlined the
user experience to address the most common problems installers face
on other SREC platforms, making efficiency and ease top priorities.
The company's quick referral payments for installers are above the
industry standard, and installers can also save time with RECmint's
unique referral platform, which simplifies all steps involved.
Finally, RECmint is the only platform of its kind that offers
custom data integrations for any installer to simplify
workflows.
Nolie Diakoulas, sales director
at Convert Solar, shared: "RECmint has been the easiest and best
SREC broker we have worked with, hands down. It makes the process
extremely smooth for customers and installers."
RECmint's advanced energy reporting platform enables it to
monitor customer system performance, allowing its operations team
to flag system issues that can cause real financial loss for solar
owners. Common issues — anything from failing inverters to shading
from recent tree growth — can contribute to underperformance and
lead to a reduction in actual energy generation and SREC earnings.
And in a state like Virginia,
where retail net metering is still commonplace, that PV generation
can represent a significant value to offset the customer's utility
bill. As the only SREC aggregator invested in maximizing PV system
performance, RECmint provides an extra layer of value and peace of
mind to its customers.
RECmint offers its end users flexible payment options, including
spot market, locked rate — which fixes the price per REC for a term
of three or more years — and upfront lump sum payment, with
competitive terms. Along with a variety of pricing options, RECmint
has newly streamlined its registration process to be even faster
and easier than before, with most of its customers receiving
registry approval within five days or less.
RECmint began as Sun Tribe Trading in 2020 as an offshoot of
Sun Tribe and its core businesses:
Sun Tribe EPC (Engineering, Procurement, and Construction), Sun
Tribe Development, and Sun Tribe Asset Management. As RECmint
solidifies its place in the residential sector, Sun Tribe continues to strengthen its focus on
the utility- and community-scale solar markets in the Appalachia, Mid-Atlantic, and Southeast
regions.
"The growth trajectory of Sun Tribe Trading — now RECmint —
mirrors our other fast-growing businesses. But as Sun Tribe continues narrowing its focus on the
utility- and community-scale markets, we knew that a rebrand to set
apart RECmint's important work for residential solar owners would
provide valuable market clarity," said Devin Welch, chairman of the Sun Tribe Group.
"We're incredibly proud to see what this team has accomplished and
how they're supporting solar deployment throughout our region."
RECmint is currently adding to its team as demand for its
services continues to ramp up. It is also planning to expand into
new and neighboring markets, such as New
Jersey and Pennsylvania.
While RECmint focuses primarily on the residential market, it
serves commercial and large-volume customers with bespoke
monetization services.
To contact RECmint or to learn more about SRECs, visit
www.recmint.com or contact the team at hello@recmint.com.
About RECmint
As the fastest-growing SREC aggregator and broker in the
Mid-Atlantic, RECmint makes it easier than ever for homeowners to
maximize the value of their solar PV systems. More than 60 solar
installer companies and nearly 6,000 homeowners (and counting) use
our modernized, automated software platform to mint and sell their
SRECs. Headquartered in Virginia
and expanding across other PJM states in response to customer
demand, we have built our platform to solve the most common pain
points homeowners and installers experience when looking to
monetize their SRECs. To learn more visit www.recmint.com.
Media Contact
Nikki Arnone, Inflection Point
Agency for RECmint, 1 (719) 357-8344,
nikki@inflectionpointagency.com
, https://recmint.com/
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SOURCE RECmint