· All solar systems sold by Green Source attract RECs. This can save up to $2,000+ alone!!
· Green Source make the process easy by allowing you to claim the RECs up front, as a discount on the purchase price, instead of you having to ‘sell’ them later.
What are Recs?
Renewable Energy Certificates (RECs) are an electronic form of currency or electronic certificates created when an eligible hot-water system or PV system is installed. They’re traded in a market and are ultimately bought by energy companies, as they count towards the company’s compliance with government targets for renewable energy generation.
For every REC purchased, one megawatt-hour or 1000 kilowatt hours, of renewable electricity is generated. Each megawatt hour (MWh) of clean, renewable electricity reduces the need for one additional MWh of pollution-causing conventional power. One REC represents the environmental benefits of this displacement.
You may be eligible to earn RECs when you install renewable energy equipment accredited by the Office of Renewable Energy Regulator (ORER) including solar hot water and solar power. Once created RECs can be traded, purchased or sold. This reduces the overall cost of installation for you.
The value of RECs is not fixed and varies from time to time.
You should discuss this with your consultant at the time of your quote.
For full details on RECs, visit the ORER website at www.orer.gov.au/recs
