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What are RECs?

Supplier: Auzion Sustainable Solutions
23 July, 2010

RECs are 'renewable energy certificates' that are awarded to someone who installs a renewable energy appliance in accordance with the Renewable Energy Target law.

The number of RECs awarded is determined by the amount of electricity that will be produced by the appliance over 15 years. As an electronic currency, RECs can be traded or sold to offset the capital cost of solar hot water or grid-connected photovoltaic installations.

Please note that prices shown on Auzion's contract form and website have already deducted applicable rebates and RECs.

Please also be aware that, as a currency, The RECs market price fluctuates.