Renewable Energy Credits (REC) for Solar

There has been some talk for a great while about receiving monetized carbon credits for those of us who have installed solar projects. As you are aware, the Association has put in place over two megawatts of solar at our Kerman site to offset the ever-escalating cost of energy in California. Therefore, we are keenly interested in this possibility. Recently, one of our consulting companies who advises us on electrical and solar issues has informed us that the value for RECs now seems to be at a point where they may be commercially viable to pursue as a source of additional revenue on our Stage 1 and Stage 2 solar projects.

Enclosed with this newsletter is an information sheet from a company formed by our consultant to provide a service in pursuing these RECs. As a service to you, your Association is providing this information should you be interested in pursuing this possibility on your own. As indicated in the document, Mr. Morris would be happy to answer any questions you might have.

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