May 8, 2023
Renewable Energy Credits (RECs) are a system that helps to incentivize the generation of renewable energy by providing a market-based mechanism for trading and tracking the production of clean energy. Here’s how they work:
The use of RECs has helped to spur the development of renewable energy projects, as it creates a financial incentive for generators to produce clean energy. By buying RECs, companies can support the development of renewable energy and reduce their carbon footprint without necessarily having to generate the electricity themselves. The REC system has also been instrumental in creating a transparent market for renewable energy, which has helped to increase the adoption of renewable energy across the United States and beyond. Koulomb uses RECs to ensure that any charge coming from the grid is offset with renewable energy, and in some cases from solar farms Koulomb has built itself.