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- 120 SRECS for Sale (30554002)
120 SRECS for Sale
Listing Number: 30554002 | Morristown, NJ US | Morristown Parking Authority 0 Seller's Other Auctions
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Auction Details
| Starting Bid: $6,000.00 | |
| Current Price: $12,000.00 | |
| Buy Now Price | $0.00 | Reserve Price Not Met Available for immediate purchase. |
| Buyer's Fee: 7.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 1 Bid(s) |
| High Bidder | Strobesrus1 S*********1 |
| Page Views | 5095 |
Payment Details
Payment in full is due to Municibid no later than 5 working days after the close of the auction. Payment is accepted in the form of Electronic Fund Transfer, Wire Transfer, and Certified Payment (Certified Check, Cashiers Check, or Money Order). Mailed payments must be postmarked no later the 2 working days from the date of the notice of award. Please note: It may take 2 to 3 days to process your payment once it is received. For full payment instructions please visit www.municibid.com/pay
Item Description
The sale of SRECS, a unit of power stored with the utility commission are for sale. Units will be released to the purchaser once funds are received by the Authority. The Authority Board will require 30 days to approve any final sale price.
Additional information on this Auction
| Will Item results be voted on | Yes | |
| Date of voting | Wednesday, October 21, 2020 |
Questions/Answers Ask the seller a question about this auction.
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Q: |
"Hello, your Photo and description are to vague for anyone other than the seller. Can you please post more photos or a complete description? Thank You " - Asked by #567548 09/28/2020 09:21 AM |
A: |
Sorry, it is stored solar energy. SRECS are units that are colleted and stored for sale. You purchase certificates that entitle you to use that amount of electricity. hope this helps
-Answered on 09/28/2020 10:46 AM |
Q: |
"What year of generation are these SREC's from ?" - Asked by #31355119 10/13/2020 07:26 AM |
A: |
the SRECS were generated in 2018 and 2019 to the best of my knowledge.
-Answered on 10/13/2020 05:58 AM |
Q: |
"Why are you not selling them to a S-rec purchasing company?" - Asked by #31355119 10/13/2020 10:24 AM |
A: |
We are a State agency and need to put them out for bid, and advertise them
-Answered on 10/13/2020 06:52 AM |
Q: |
"Can you transfer Srecs to a GATs Account?" - Asked by #571418 10/13/2020 12:17 PM |
A: |
I am not sure, we have always sold them and transferred certificates to purchaser. I will try to get an answer. Either way we can transfer the certificates.
-Answered on 10/13/2020 08:33 AM |
Q: |
"How old are the systems? and do you have NJ State # with NJ*****SUN -1 number and is Fuel Type Solar - Photovoltaic, And do all SREC's have Certificate serial numbers?" - Asked by #571418 10/13/2020 12:37 PM |
A: |
11 years old. yes photovoltaics, the transfer of certificates are not an issue, we have sold many before.
-Answered on 10/13/2020 09:00 AM |
Q: |
"So SREC's are sent to account I give you?" - Asked by #571418 10/13/2020 12:44 PM |
A: |
yes
-Answered on 10/13/2020 08:57 AM |
Q: |
"you can send to account I am selling to?" - Asked by #571418 10/13/2020 01:06 PM |
A: |
transfer must go to the purchaser
-Answered on 10/13/2020 10:23 AM |
Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.