Your payout options
Everyone starts on Market. Depending on your state and system, you may also be offered Fixed Rate (a 3-year or 5-year term) or Upfront (a 15-year term). Upfront becomes available once PJM GATS, the SREC registry, approves your system. Fixed Rate does not wait for that.
If you're in New Jersey: Fixed Rate and Upfront aren't available to you — New Jersey runs its own separate SREC programs, which determine how payment works there.
Fixed Rate and Upfront both require an automatic, internet-connected monitoring connection — a manually-reported connection limits you to Market. If your system is 100 kW or larger, contact us directly for bespoke pricing rather than the terms below.
Market. We sell your RECs as they mint and pay you as they sell — typically every 1 to 4 months. There is no fixed term. You can switch from Market to another option at any time. Market has a fee: currently 4.5%, with a minimum fee of $4.50 per REC — an industry-low rate, as of 2026-07-02.
Fixed Rate (formerly called "Annuity" — same option). You lock in a set price per REC for 3 or 5 years and get paid quarterly at that rate, no matter what the market does. Each quarterly payment is sent within 30 days of the quarter ending. No fee.
Upfront (15-year). You're paid once, upfront, for 15 years of your system's RECs, instead of smaller payments over time. The payment is initiated within 45 days of your first REC minting after you sign. No fee. See Key things to know about Upfront below before choosing it.
Weighing your options
Market: the highest potential upside, and no fixed commitment — but your payment amount and timing move with the market.
Fixed Rate: price stability and predictable quarterly payments, no fee either way — but the market rate could end up higher at any given time.
Upfront: a bigger payment, sooner, at the cost of a lower total return per REC over time. See below.
Fixed Rate: how the term is counted
Your term runs by calendar year, not from your exact sign-up date. For example: if you sign in October 2026, your contract covers any untransacted RECs back to January 1, 2026, and a 3-year term ends at the end of 2028 — about two years and two months after you signed, not three full years. At the end of your term, your contract renews automatically, with a chance to switch to a different option if you'd rather change.
Key things to know about Upfront
If you sell your home or system, or move, before your 15-year term is up, you'll likely owe back a pro-rated portion of your upfront payment.
If something disrupts your system's reporting, you're obligated to get it fixed within a reasonable timeframe to avoid owing anything back.
If your system hasn't produced the minimum number of RECs by the end of the 15 years, the term extends until it has.
Over the full term, Upfront customers typically receive less total money than they would under Market or Fixed Rate — you're trading long-term value for a bigger payment now.
Switching options later
You can switch from Market to another option at any time. Once you sign a Fixed Rate or Upfront term, you're committed until it ends. At that point your contract renews automatically, with a chance to switch.
Can I cancel my RECmint agreement?
Whether you can cancel depends on which payout option you're on.
On Market, there's no fixed term. We ask for 30 days' written notice to end your agreement. It's governed by RECmint's terms and conditions.
On a 3-year, 5-year or 15-year agreement, you can't cancel during the term. The one exception is a change of ownership of the system — selling your home, for example.
A 15-year Upfront agreement ended by an ownership change usually means you owe RECmint back a pro-rated portion of the upfront payment you already received, paid by check. We work out the amount for your account and tell you what it is.
If you're thinking about cancelling because something isn't working, contact us first.