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Renewable Energy Credits (REC), also known as green tags, are tradable commodities that represent proof that 1 megawatt-hour of electricity was generated by a renewable energy source. All forms of renewable energy, including solar energy, have 'green' attributes for the amount of pollutants they do not release into the atmosphere. These renewable energy credits have a market value, particularly in locations where local utilities are required to derive a certain percentage of their total generation from renewable energy sources.
For solar energy producers who wish to capitalize on the value of the renewable energy credits they generate, markets are beginning to develop in California. Premier Power can help you determine if a REC sale is appropriate for you and, if so, facilitate this transaction. |
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