RECs Singapore: A Comprehensive Guide To Renewable Energy Certificates (2025)

Solar energy is increasingly booming in Singapore. With national projects like the massive floating solar farm at Tengeh Reservoir it’s clear that the country is doubling down on renewables. If you already have solar panels installed on your property, you might be wondering what else can you gain from your system other than monthly electricity savings? The answer is Renewable Energy Certificates (RECs).

What are Renewable Energy Certificates (RECs)?

Let’s begin with an explanation of what Renewable Energy Certificates or RECs are.

RECs are tradable digital assets that represent the clean energy attributes of the electricity generated from a renewable source, such as your rooftop solar system. In simpler terms, it basically means every time your solar panels produce 1 megawatt-hour (MWh) of electricity, you earn 1 REC. These certificates can then be sold, offering you an additional line of income on top of your utility bill savings.

Acquiring or selling RECs is not the same as buying or selling green electricity. Instead, RECs merely represent the clean energy attributes of the electricity generated from a renewable energy source. This is a similar concept to carbon credits, which can also be traded. This means that to sell RECs, you’ll first need to own a renewable energy generation source — in Singapore, this will typically be a solar panel system.

Conventionally, one REC is produced when a renewable energy source generates 1 megawatt-hour (MWh) of electricity. This means that you’ll be able to register 1 REC per 1 MWh of clean energy that your solar PV system generates. The REC then helps to certify that you’re the owner of the clean energy attribute and your solar panel setup successfully generated 1MWh of clean electricity within a specific year (also termed a “vintage”, similar to wine).

Why Do People Or Companies Buy Or Sell RECs?

RECs are primarily bought up by companies with sustainability or net zero targets, specific to their energy consumption. In different countries, the share of non-renewable (or fossil fuel based energy sources) in the electricity grid will be different. In Singapore as an example, given that 95% of Singapore’s electricity mix comes from natural gas, a non-renewable energy source, in order to meet net zero targets, companies will need to purchase the equivalent amount of RECs (in megawatt-hours) to offset their electricity consumption from the electrical grid.

Companies typically purchase RECs due to a limited ability (or roof space) for them to be able to generate their own clean energy for their use. When a company purchases RECs, in essence, the company is paying for the clean energy electrons injected into the same electrical grid from other solar panels in the same country, for their own use.

Of course, the same principles for carbon offsets apply – with RECs needing to be verifiable, quantifiable, not double-counted and not claimed by another entity. Companies who wish to use RECs to meet their sustainability targets will need to retire or cancel the RECs in their name after purchase, so that these RECs are no longer tradable.

With many countries around the world — including Singapore — introducing stricter regulations on carbon emissions, more companies will need to ensure that they are meeting sustainability regulations. Overall, this is great for REC sellers like yourself: more demand means more profit!

How Much Are RECs Worth?

The price of RECs fluctuates based on demand and supply. That said, as of 2025, selling 1 REC in Singapore for small or medium asset owners will fetch between SGD 30 to 50, while prices for commercial solar owners differ based on system size.

However it’s important to also note that the tradable RECs market is still very much in its infancy and is rapidly evolving. Changes in regulations or demand and supply can swing prices in both directions, and unfortunately transactions and prices are often not fully transparent with most trades being done over-the-counter (OTC).

If you’ve made the right calculations, getting RECs can be one of the top solar financial benefits in Singapore! What’s more, you’ll still be able to enjoy your usual monthly utility bill savings from your solar setup.

GetSolar’s RECs Programme: Two Simple Ways to Earn

At GetSolar, we make selling your RECs seamless. We manage everything from registration and verification to platform fees, reporting, and payouts — so you don't need to lift a finger.

You generate clean energy. We help you turn into reliable income.

Choose the Plan That Suits You:

No matter which plan you choose, we ensure full transparency and timely payouts — so your solar system works harder for you.

Selling RECs In Singapore

Here comes the challenging part: acquiring and selling RECs in Singapore. Trading RECs in Singapore is a tiresome and hands-on process with many hidden costs. In our step-by-step guide to selling RECs in Singapore, we run through all the important points that you need to take note of at each juncture of the REC sales process.

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Do you have a solar panel setup and want to acquire and sell RECs? Don’t have the time to do so on your own or sell enough RECs to cover all the registration and transaction costs? Let GetSolar sell your RECs for you.

We simplify the long and tedious REC sales process into 1 simple step. All you’ll need to do is provide us with authorisation to sell your RECs on your behalf and you’ll be able to sit back and enjoy consistent cash pay-outs from your REC sales without lifting a finger.

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Why This Matters

Solar isn't just about reducing your electricity bills. It's about unlocking the full financial and environmental potential of your system. With RECs, you can earn consistent, passive income from the clean energy you generate — while supporting Singapore's broader sustainability goals.

Curious how much your system could earn?

Chat with us on WhatsApp to sell the RECs.

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