anisg2019 2019 REC Prices: How Are They Set? | EnergySage Smarter energy decisions 088.838.4698, Signin ‘et Competing Solr Quotes Online Why EnergySage ResearchSolar_ Solar Calculator ShopLoans Energy Upgrades Enter zip code (Other Clean Options search brands, installers x Green Power Whereis Green Power Available? Benefits of Green Power Cast of Green Pawer Green Power vs. Rooftop Solar Renewable Energy Credits (RECs) Where to Buy RECS Benefits of Renewable Energy Credits How REC prices are set RECS vs. Slar Power Carbon Offsets ‘Where to Buy Carbon Ofsets Should You Buy Carbon Offsets? Costs and Benefits of Carbon Offsets Carbon Offsets vs, Rooftop Solar Community Choice Aggregation States with Community Choice Aggregation Benefits of CCAs Cost af Community Choice Aggregation CCAS vs. Roottop Solar Retail Eneray Providers ‘Where ore REPs Active? Benefits of REPs Costs of REPs REP vs. Rooftap Solar Lectn About Salar Find out what solar costs in your area in 2019 > @ é Foter your zip code Enter your 2ip code See Solar Prices Other Clean Options | Renewable Energy Credits (RECs) | How REC prices are set How renewable energy credit prices are set Lost updated 6772019 One REC (renewable energy credit” or renewable energy ceria" represents the generation of fone megewatt-hour (MW) of electricity from a renewable energy source. REC prices vary from state te state and depend on ¢ variety of factors including where yeu purchase your RECS. States can be divided into “voluntary” and “compliance” REC markets. The price of RECs changes {depending on your state's morket structure, States with compliance markets have standards that require electrical uliies to generate a certain percent of ther power from reneweble resources, known as the Renewable Portfolio Standard (RPS) © - vs i Usliies in states with on RPS have to buy RECs I they don't generate enough renewable eneroy ‘themselves, which increases REC prices in the state. States with voluntary markets typically have less expensive RECS, since there isles demand for ‘them from utes RECs are not necessarily tied to the actual delvery of electricity, and you can purchase them from anywhere in the United States. Outside suppliers sell RECS that come from new energy projects built within the past 12 years, so that you know you're supporting the construction of new renewable energy fecities. You can also often buy RECs through your electrical utility as port ef what are called green power programs. Most green Pricing premiums cast cround 1 to 2 eddtionel cents per kWh, hitpstwwn.onergysage.comiother-clean-optionsirenewable-energy-credis-ecsirenewable-energy-creit- prices! 18snise2019 2019 REC Prices: How Are They Set? | EnergySage Solar panels can help you save thousands on electricity bills @ Compare your options today Cost of renewable energy certificates Stotes with compliance markets typicclly have to buy RECs within thelr region. The price ofthese RECS con vary greatly from state to state and year to year. According tothe National Renewable Energy Laboratory (NRL), in 2011 the price of one REC in Ohio was a ite under $35, and it fll to $8 by 2015. By comparison, prices in New England were below $20 in 2011, and climbed to between $45} land $50 in 2015, RECs con be sold “bundled” or paired with eleetieily, Sundled RECs must be purchased locally, since the consumer needs to be able to buy the electricity from thelr local utlty. Other RECS can be sole "unbundled." or separate from the renewable electricity they represent. Anyone can buy these RECS tang, since there is aften an oversupply of unbundled RECS, they are very inexpensive. In 2014 Unbundled RECS cost less than $1 each, LUnbundled and bundled RECs oer a great deal of flexibility to @ buyer. If prices the mast important fector to you, unbundled RECS from anywhere inthe country con be as cheap as $1 orless. I you want to support local energy, bundled RECs offer a way to ouy electricity locally along with RECS. Why buy RECS? Buying RECs olows you te support the renewable energy market without having te instal solar panels on your roof orinvestin other more involved methods of generating renewable eneray. Depending on what type of RECs you buy, you can help locol renewable energy projects or even future projects that haven't yet been bull When buying RECs, not all RECs are created equal RECs always represent the renewable energy attributes of one MWh af electricity generated, but ‘some RECs have more positive impact on the renewable energy market than oters. “Future RECS" are RECs that will be generated in the future, bought as an up-front purchase. These RECS are sold by new renewable energy fcities or faciltes that have not yet been bul. Buying future RECS helps to encourage new renewable energy generation, as they provide financial support ‘to the builders of new facilities. The disadvantage to this epproach is that the buyer cannot claim the renewable energy attrbutes of the RECs until they are actualy generated. I facity isnot bult ors destroyed alter construction, consumers cannot claim those REC=—if you're looking ito buying future RECs, consul with the seller ist Additionally, some stotes rank RECS int different levels or “tiers” depending on their generation source and environmental impact. This i typically done in states with Renewable Portfolio Standards (RPS), such as Maryland, Pennsylvania, and Massochusetts, Tier 1 RECS refer to RECS that have been newly generated and come from the cleanest renewable resources. Renewable resources such as biomass and hydropower generaly fll nto ‘the two lower ters—Tier 2 and Tier 3—although these classifications change from state to state Solar panels can help you save thousands oneelectricty bis @} (Compare your options today 5 How much will it cost you to. install solar? Download our TRUE COST OF SOLAR GUIDE for your state! Selectyourstate hitps twwn-onergysage.com/other-clean-optionslrenewable-onergy-credis-ecsirenewable-energy-creit- prices! 28snisg2019 2019 REC Prices: How Are They Set? | EnergySage energysage Q SoonySige Se Resouses Waves Us MowitWorks SsiarEaleslaior Solr Companie Poked oe aaa tosee solar About Us Learn About Solar Share Solar Tools ves Solar Newe Masia Runes caress Connect with us AlLRighs Reserved, Copyright © 2009 - 2019 Teme af Use + Prnacy Pay hitpstwwn.onergysage.comiother-clean-optionsirenewable-energy-credis-ecsirenewable-eneray-credit- prices!