Shining some light on the fine print for Mother Jones
Posted 2 years ago and submitted by John W. Tomac | Share link:

Solar Panel Contracts

Solar panels have gotten dramatically cheaper in the last few years. One reason for the fall in price has been the creation of tradable Renewable Energy Credits. Every time a solar panel or wind turbine feeds 1,000 kilowatts of electricity into the electrical grid, it is awarded an REC, which can then be sold on the open market to companies that are legally required to produce green energy. Basically, you get paid for producing the green energy ConEd would otherwise be on the hook for itself.

However, because RECs have real value, the companies that install solar panels often insert provisions into the installation contracts that give them ownership of the RECs generated by the solar panels on your roof. Mother Jones takes a look at whether or not this is a raw deal for consumers and the environment (spoiler alert: it’s mostly good!).

John W. Tomac
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John W. Tomac is an illustrator who specializes in creating conceptual images with a little bit of mid-century styling. John grew up in Stratford, Conn., earned a Bachelor of Fi… Show more.

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