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Feb 15, 2025

SRECs Explained

 

REC is a term thrown around in the solar energy industry but what does it mean? A renewable energy credit or REC is equivalent to one megawatt hour of renewable electricity produced and they represent the value of the electricity produced. SRECs, solar renewable energy credits, are a specific type of REC generated by a solar project. The Illinois Shines Program allows an Approved Vendor to sell transfer RECs to an Illinois electric utility. This allows the Approved Vendors to pass along savings to their customers for investing in solar energy!

 

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