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What does it mean to retire a REC? What are the benefits of retiring RECs?

April 26, 2017Benefits mean REC RECs retire retiring

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What does it mean to retire a REC? What are the benefits of retiring RECs?

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By retiring RECs using a certified REC tracking system, each REC may be issued and claimed only once. That way, you can be sure that the project owner selling the REC only did so once. In addition, as RECs are retired, new resources must be built to meet future renewable energy requirements.