Activate RECs from your assets
An introduction to RECs
How solar energy systems are monetised digitally.
In an effort to promote green energy, Renewable Energy Credits (RECs) were introduced as a market-based tool to incentivize renewable energy production (such as solar, wind, hydro, biomass, and biogas).
Each REC represents proof that one megawatt-hour (MWh) of renewable electricity was generated and delivered to the grid. By owning and trading RECs, solar energy system owners can monetise their clean energy production, creating a new revenue stream while contributing to global sustainability efforts.
When you install a solar energy system, it doesn't just produce electricity for your home or business—it also generates RECs. These credits can be registered, verified, and sold in compliance with market regulations, allowing you to earn income from your contribution to renewable energy generation.
The price of RECs typically varies according to demand and supply. With SOLARGAGA, eligible Singaporean Homeowners can receive approximately SGD$50-60 per MWh (equivalent to per REC).
Who purchases RECs?
Businesses and organizations purchase RECs to offset their carbon footprint and meet sustainability goals, creating a growing demand for these credits. Purchasing and retiring RECs helps organizations reduce their carbon footprint by supporting renewable energy generation. It enables them to claim the environmental attributes associated with renewable energy without physically consuming the electricity generated.
How to start selling your RECs?
The process for selling RECs is complicated and time-consuming. You may refer to this guide for a Comprehensive Guide to RECs.
At SOLARGAGA, we simplify this process of monetising to be hassle-free and secure for asset owners while enabling you an insight into your journey with GAGAHub app.
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