Renewable Energy Credits Prices By State

Rěk is a market based instrument that represents the property rights to the environmental social and other non power attributes of renewable electricity generation.

Renewable energy credits prices by state.

A renewable energy certificate or rec pronounced. Renewable energy prices continued falling fast in 2019 with wind and solar hitting new lows after renewables fell below. Recs are issued when one megawatt hour mwh of electricity is generated and delivered to the electricity grid from a. Solar renewable energy certificates srecs are a type of rec that is specifically generated by solar panels.

Rec prices vary from state to state and depend on a variety of factors including where you purchase your recs. In the case of srecs these facilities must be solar facilities. One rec renewable energy credit or renewable energy certificate represents the generation of one megawatt hour mwh of electricity from a renewable energy source. Lazard s most recent levelized cost of energy lcoe analysis shows u s.

Depending on the price offered in your state cashing in on your srecs could be a yearly payoff of several thousand dollars. One renewable energy credit rec is equal to 1 megawatt hour of energy produced 1 000 kilowatt hours which means that the average solar panel installation garners anywhere between three and seven srecs in a given year. States can be divided into voluntary and.