Having decided to install solar panels, I am now struggling to determine whether the offer I’ve been made for my Renewable Energy Certificates (RECs) is a reasonable one.
My understanding of the system is that the value of RECs is determined by your zone and market forces, and of course the market forces are the tough bit. One website tells me that in our zone (3), for a 1.5Kw system, your RECs should be worth $7,750, based on $50 per certificate, but specifies that the value of the RECs changes according to market conditions. I’ve been offered $38 per certificate.
So, has anyone else had a value placed on their RECs?
- Food & Wine