Renewable Energy Certificates in Singapore
Sell Renewable Energy Certificates (RECs) hassle-free with GetSolar! Maximise your solar system’s potential and shorten your breakeven period by selling RECs.
RECs
What are Renewable
Energy Certificates
(RECs)?
What are Renewable Energy Certificates (RECs)?
RECs are tradeable assets used to certify that electricity has been generated from a renewable energy source.
One REC is created for each megawatt-hour (MWh) of renewable energy produced.
You can also generate and sell RECs created by your solar system!
Why Sell Renewable Energy Certificates in Singapore?
If you’ve already embraced solar energy by installing solar panels in Singapore, selling Renewable Energy Certificates (RECs) is the next step to maximise your savings.
By selling RECs in Singapore, you unlock an additional stream of annual income. This extra cash can reduce the time to recover your solar investment by approximately 6 to 12 months, shortening the time to breakeven!
The value of RECs fluctuates based on market supply and demand. As of mid-2024, small or medium asset owners can expect to receive between SGD $20 to $45 for each REC sold. This means that the average solar homeowner can receive between SGD $300 to $600 per year.
Be A Part Of GetSolar
How Would You Be Involved in the Renewable Energy Certificate Process?
Sellers
As the owner of a solar system, you have RECs that can be sold on the marketplace!
GetSolar
GetSolar enables you to trade RECs
conveniently.
We’ll register your system, find a buyer, and sell RECs on your behalf, all while covering any associated costs.
Buyers
Companies committed to environmental sustainability buy RECs from us!
How to Sell?
How to Sell Renewable
Energy Certificates
With GetSolar?
We strictly adhere to the renewable energy instrument guidelines set by international REC registries such as APX or I-REC. Here are the steps to sell RECs with us:
Step 2
Submit your solar system registration documents.
Step 3
Provide us with your authorisation to manage and sell RECs for you.
Step 4
We register your asset on the international registries.
Step 5
Twice a year, we register your clean energy generated as RECs to sell on your behalf.
Step 6
Receive regular cash payouts directly to your bank account once your RECs are sold.
Benefit
Why Choose GetSolar?
No out-of-pocket costs
By selling RECs on your own, most of your profit would be absorbed by transaction fees.
With GetSolar, all transactions are free of hidden costs and registration fees. Simply grant us authorisation to manage your RECs and enjoy consistent cash payments from your REC sales.
Hassle-free
process
You won’t need to go through the time-consuming process of creating an account on the registry, registering your solar system, and finding a buyer.
With more than 250 assets under management and growing, let our solar experts handle the hard work for you.
Regular cash
payouts
We offer predictability so you
enjoy a steady stream of side income.
Our payouts are made twice a year and our commitment to fixed prices ensures that your earnings remain consistent and unaffected by market fluctuations.
FAQ
FAQs About Renewable Energy
Certificates in Singapore
No, RECs are the same regardless of your electricity retailer. These certificates are generated according to the amount of renewable energy produced by your solar panels and are issued by international registries such as the I-REC Standard or TIGR by APX.
Absolutely not! RECs are simply digital certificates that are issued to certify that clean energy is generated from a specific solar asset. Selling RECs makes no difference to your solar panel system as well as the way you consume your electricity.
RECs are still a relatively new asset class, and are purchased by MNCs or large corporations to achieve their net zero targets. Prices of RECs in the market are determined by these factors:
- • Number of buyers Volume of RECs they would like to purchase
- • Supply of RECs from renewable energy sources available.
As of mid-2024, selling 1 REC in Singapore for small or medium asset owners will fetch between SGD $20 to $45.
Your pay-outs will be done via PayNow or bank transfer and will usually take 1 week to complete. This is done twice yearly and you will receive an email notification with a payment notice before the bank transfer takes place.
