Buy Renewable Energy Certificates to Support Renewable Energy

Buying Renewable Energy Certificates, also known as Renewable Energy Credits or RECs, is a simple and inexpensive way to support renewable energy use.

Every solar panel and wind turbine generates a REC as they generate electricity. The REC is a claim that is separate from the electricity that allows the purchaser to take credit. The largest purchasers of RECs today are utilities(many of which are obligated by law) and companies that want to demonstrate their support of renewable energy. Over 100,000 people also purchase them annually.

The cost varies by location from less than a dollar to close to $100. RECs generally set off roughly the same amount of carbon but always equal the same amount of electricity, by design. Many buyers purchase enough RECs to equal their own electricity use, often where owning wind or solar is not feasible. The fact is, as demand for RECs increases, so does the price. Simple infallible economics. Higher prices for RECs means more solar and wind projects become cost feasible. Often, with very low cost projects, such as wind farms in the middle of nowhere, this means a bigger impact on their profitability.

REC Protocol is building a simple online exchange using blockchain to buy or sell RECs, as well as track their ownership and authenticity.