What is a Renewable Energy Credit (REC)?
We like the explanation of RECs given by the Union of Concerned Scientists: “Renewable energy credits (RECs) correct the bias against renewable energy in the electricity market by making sure that renewable generation companies receive payment for the public benefits they produce. The fact that environmental and other benefits are not recognized in the cost of power is the starting point for creating a new commodity that represents those benefits. That commodity is the renewable energy credit. When a fossil fuel or nuclear power plant operates, it is really creating many products: the electricity itself and all the byproducts, like air and water pollution, hazardous and radioactive waste, the risk of meltdown, and so on. Customers only pay for the electricity. Society pays for the byproducts through a host of unacknowledged costs: health problems, environmental degradation, subsidies for oil and gas production, limits on liability for nuclear power plant operators, and many others. Whe
A Renewable Energy Credit is the value of the environmental attributes of the clean energy that your solar electric system will produce. These credits have an established value in an actively traded market for each state. Alteris™ Renewables will assist you in capturing the market value of your RECs should you desire to do so.
Renewable Energy Credits (RECs) are associated with energy generated from clean, sustainable sources of energy. One REC is granted for each megawatt-hour of electricity generated from a renewable energy facility and delivered into the power grid. Every megawatt-hour of clean, renewable energy in the local, regional or national electricity grid means that one less hour of traditional fossil fuel-based or other traditional energy generation is used.
