Renewable Energy
Purchase Renewable Energy Credits

What Is It?

Renewable Energy Credits (RECs) are tradeable energy commodities that serve as proof that 1 MWh of electricity was generated from a renewable source. The energy associated with a REC is sold separately and used by another party, so the consumer of a REC receives only a certificate; to purchase a REC is to claim the environmental impact of the renewable electricity generation.  Businesses can purchase renewable energy credits for all greenhouse gas (GHG) emissions from organization-owned buildings, fleets, and on-campus energy plants that generate power, heating, or cooling.

Benefits

RECs are dually beneficial for the environment and the economy: they are able to capture the particular environmental benefits of renewable electricity generation while allowing for the expansion of the market for renewable energy, creating additional revenue streams for the developers of renewable energy projects.

Read more about RECs.

Top Green Power Purchases in Boston

  • State Street Corporation – 36 million kWh
  • City of Boston – 21 million kWh
  • Massachusetts Water Resources Authority – 20 million kWh
  • Emerson College – 12 million kWh
  • Eastern Bank – 10 million kWh
  • John Hancock Manulife Building – 601 Congress – 10 million kWh
  • New England Aquarium – 9 million kWh

Challenge Participants Currently Adopting This Practice

  • A Better City
  • Bella Luna
  • Boston Convention Center
  • BR+A
  • ERG
  • Federal Reserve Bank of Boston
  • Foley Hoag
  • Holliday Fenoglio Fowler LP
  • John Hancock/Manulife Financial
  • Lincoln Property
  • Meister Consultants
  • New England Aquarium
  • Nixon Peabody
  • Seaport Hotel
  • Sheraton Hotel
  • TD Garden
  • TRO Jung|Brannen
  • Tsoi/Kobus & Associates

Financing Options, Incentives, And Rebates

Additional Resources

Energy Suppliers that offer RECs

A Small Sample of Renewable Energy Credit sellers (good for tenants that don’t get their own energy bill)

Misc

In The News