In the last year alone, voluntary renewable energy certificate prices have skyrocketed and are now between $7 and $10 per MWh. This means that RECs can now contribute up to 30% of a renewable farm's revenue. Naturally, this encourages more and more clean-energy facilities and clean-energy jobs to be created.

How are RECs priced?

REC prices vary from state to state and depend on a variety of factors, including where you purchase your RECs. ... You can also often buy RECs through your electrical utility as part of what are called green power programs. Most green pricing premiums cost around 1 to 2 additional cents per kWh.

How are RECs calculated?

How RECs are generated. A REC is produced when a renewable energy source generates one megawatt-hour (MWh) of electricity and delivers it to the grid. For example, if a wind power facility produces 5 MWh of electricity, they have 5 credits to either keep or sell. ... The exchange of RECs is tracked and recorded.