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Who regulates renewable energy credits?

Businesses who generate renewable energy, say, by using solar panels, but sell the Renewable Energy Credits (RECs) for the renewable energy they generate shouldn't claim they \u201cuse\u201d renewable energy.

Are RECs expensive?

If you're currently following the REC market in anticipation of buying RECs, however, you've probably noticed a steady climb in pricing. Over the past 15 months, the cost of a Green-e® Certified REC has risen from roughly $1 per REC to almost $8 per REC.

What is the NYSERDA program?

New York State Energy Research and Development Authority NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels.

How are renewable energy credits tracked?

Tracking systems work by assigning a unique serial number to each megawatt-hour of renewable energy generation, which constitutes a REC. Tracking systems were originally created to facilitate renewable portfolio standard (RPS) compliance, but increasingly, voluntary RECs are also utilizing REC tracking systems.

What is the value of a REC?

Rates for 2015 to 2017 RECS purchased have averaged between $0.15\u2014$0.045 per kWh produced. In 2021, SREC prices range from $10 to over $400 depending on the state SREC market.

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