There’s something to be said for security, particularly when it comes to investing in clean energy projects. That’s why Sol Systems is offering long-term returns on solar renewable energy credits (SRECs) in Massachusetts. The company is offering Massachusetts’ photovoltaic system owners SRECs with a guaranteed return of $200 per SREC generated for 10 years through its new Sol Annuity 10.

The offering is intended to encourage small businesses and homeowners to install PV systems in the commonwealth that can generate at least 1 megawatt hour per year.

“We’re willing to consider any size project,” said Sol System Cofounder and CFO George Ashton. However, the company is targeting its offerings to systems 1 megawatt or smaller in size. “We’re really targeted toward small commercial at the end of the day.”

While Massachusetts has an SREC market it doesn’t have pricing stability for those SRECs.

“At this time there aren’t that many, if any, long-term SREC market offerings in Massachusetts,” Ashton said.

Sol Systems has a history of offering such products.

The long-term pricing stability offers system owners and financiers more transparency into the returns a system will generate over time. As such, it helps ease access to financing as financiers have a guaranteed revenue stream from the project.

The SRECs are being offered at a rate lower than what owners can get on the spot market right now, according to Ashton.

“We think that the offer provides stability to the SREC revenue stream and provides reassurance to the frequency of monetization of the SRECs, and we pay every quarter,” he said.

In two nearby markets, Pennsylvania and New Jersey, SREC prices have fallen significantly, according to Ashton.

“Those markets are oversupplied at this time. We have temporarily pulled our offers in those markets for long term SRECs, but we anticipate reintroducing them in those markets when they come back into equilibrium.”

However, those that locked in their prices with Sol are still receiving the same rate.

“It’s probably worth noting that our old offers in those states are now considered very beneficial,” Ashton said.

In Pennsylvania, the company made agreements with energy providers to pay system owners $280 for SRECs. and in New Jersey, it was closer to $400. In Pennsylvania those credits are trading for as low as $15, and in New Jersey, $190, he said.

The SRECs the company has generated in other states are supporting its future endeavors.

“The ability to support this program is based on the proceeds that we’ve made in the past on SRECs, We are reinvesting our proceeds in SREC markets,” Ashton said.

That means the company can invest in new markets, which could include the Midwest and even the Western U.S. in coming years.