For over a decade, the residential solar consultancy company has been working within New England’s Regional Greenhouse Gas Initiative (RGGI) to help both individuals and companies earn more from their solar arrays and other renewable energy sources. They are now offering this service to any renewable energy producer in Merrimack and surrounding areas, no matter how small.
Details on Renewable Energy Certificates can be found at https://www.solarecsnh.com/
Many homeowners are unaware that the Renewable Energy Certificates (RECs) generated from their solar arrays can be sold independently of the electrical output of their panels. For this reason, Energy Audits Unlimited (EAU) has expanded their services as a state-certified Independent Monitor (IM) to help clients throughout New Hampshire report their energy production to the national database, where it can be converted to RECs.
According to SEIA, residential solar installations have increased more than tenfold over the past decade. While most of these installations will not produce the full megawatt-hour required to generate a REC by themselves, these thousands of smaller solar arrays can collectively generate millions of dollars worth of unclaimed RECs per year.
As an IM, EAU facilitates the generation and sale of these RECs by verifying the production of each individual array so that these numbers can be uploaded to the national database. From there, the energy production numbers are bundled into RECs that can be sold by brokers.
Utilities are required to buy these RECs to prove their compliance with sustainability standards and avoid penalties. Once the RECs are sold, brokers distribute the sale among the individual owners based on the percentage of the full megawatt-hour of the REC generated by their solar array.
This system is designed to incentivize independent renewable energy production, which is why contributing to and profiting from RECs requires owners to do nothing more than verify the energy production of their already existing solar arrays through an IM.
A spokesperson for EAU shared their hopes that “by accurately tracking and reporting renewable energy, we can help producers earn income and promote sustainable energy sources.”
More information on how to earn RECs with IM services can be found at https://www.solarecsnh.com/
Energy Audits Unlimited, LLC
85 Yvette St.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.