What Are Renewable Energy Credits?
Every Renewable Energy Credit represents one megawatt-hour of renewable energy added to the grid. Sources of renewable energy can include solar, wind, hydroelectric, or even nuclear and natural gas generation facilities. RECs aren’t really a unit of energy, but rather a certificate of the attributes related to the energy source.
Some of the information recorded on Renewable Energy Credits are:
? The renewable facility’s location and build date.
? A unique identification number and certificate type.
? Eligibility for certification under the applicable RPS.
Additional data may include the emissions rating of the renewable facility, generation type, project name, and total capacity.
How Do Renewable Energy Credits Work?