https://en.wikipedia.org/wiki/Renewable_Energy_Certificate_System
Renewable Energy Certificates (REC) is a market-based instrument that represents the property rights to the environmental, social and other non-power attributes of renewable energy generation. One REC is quantified by 1 megawatt-hour (MWh) of electricity generated from an eligible renewable source, registered with the relevant RECs issuing authority.
In Singapore, the typical price for REC is between $30-35 for residential solar systems. The prices of RECs fluctuate based on the market demand and supply. Companies can purchase RECs to offset their carbon emissions and thus demonstrating their commitment to environment and sustainability. Also, by selling RECs, you as a homeowner can enjoy additional revenue streams from the sale and therefore benefiting your return on investment. The process of trading RECs is easy with 9 Helios. Let us help you, work with our partners and enjoy the extra earnings.
Sample calculation of RECs earnings for a household with 15kWp solar system:
Estimated annual solar production: 15MWh
Estimated earning from selling RECs: $450-$525 per year (based on $30-35 per REC, actual sale price is to be determined during time of sale)
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