Source: EPA.gov
In addition to federal grants, federal tax credits, state tax credits, and various incentives from utility companies, businesses have another financial incentive to produce their own energy - RECs, or Renewable Energy Certificates.
A REC (pronounced: rěk) represents the property rights to the environmental, social, and other nonpower qualities of renewable electricity generation. A REC, and its associated attributes and benefits, can be sold separately from the underlying physical electricity associated with a renewable-based generation source.
RECs are increasingly seen as the "currency" of renewable electricity and green power markets. They can be bought and sold between multiple parties , and they allow their owners to claim that renewable energy was produced to meet the electricity demand they create.
RECs are measured in single megawatt-hour (MWh) increments and are created at the point of electric generation.
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