A renewable energy certificate (REC), also known as an energy attribute certificate (EAC), is a tradable instrument that represents the environmental attributes of 1 megawatt-hour (MWh) of electricity generated from a renewable energy source like wind, solar, biomass, etc. RECs allow renewable energy generation to be tracked and traded separately from the underlying electricity. Read more from the EPA.
How are RECs created and tracked?
RECs are issued by regional tracking systems when 1 MWh of renewable electricity is generated and delivered to the grid. Most are run by government bodies and the correct registry must be used to qualify for the highest rates. Accounts on these registries can cost thousands of dollars per year. Jasmine will take care of this registration process for you.
Who buys RECs and why?
Utilities, businesses, and individuals can purchase RECs to meet renewable energy goals or compliance obligations like renewable portfolio standards. By purchasing RECs, they can claim to have used that quantity of renewable electricity, even if their local grid mix does not physically deliver it.
Is a REC different form an EAC, SREC, or GO?
Energy Attribute Certificates (EACs) is the more generic term. In the US they're most often referred to as Renewable Energy Certificates (RECs). In some states, RECs from solar generators are called Solar RECs (SRECs). In Europe, EACs are referred to as Guarantee of Origin (GOs). In many developing countries, they're called International RECs IRECs). Some countries have their own specific term as well (ex JRECs in Japan). Read more from the EPA.
Do RECs expire?
Yes. Generally, RECs must be claimed within 90 days of electricity generation and those RECs become useless after about 2 years. To avoid letting your RECs expire, claim them now.
How much are RECs worth?
The value of a REC can range from $2 to more than $400 depending on a number of factors including the time and location of generation. To see how these factors effect your RECs, get a free quote now.
Who qualifies for RECs?
Every grid connected generator is entitled to RECs; even home solar. Jasmine handles to cumbersome process of getting these RECs issued and sold for you. We also manage any additional registrations of certifications required to maximize the RECs value to you.
Can anyone buy/sell/own EACs?
Yes. Anyone who generates renewable electricity (including with rooftop solar) can generate and sell EACs. Anyone can also buy and retire EACs for their personal energy consumption.
How does net-metering effect RECs?
Generators earn RECs for every watt of power they generate, whether they consume that power or sell it to a utility. Net metering has no effect on the number of RECs you are entitled to.