Renewable Energy Certificates in Singapore

Maximise your solar savings and maintain your system for free with FOMO Energy’s complimentary REConnect maintenance programme. Discover how Renewable Energy Certificates (RECs) work and how they add long-term value to your solar investment.

What are Renewable Energy Certificates (RECs)?

RECs are tradable assets used to certify that electricity has been generated from a renewable energy source, like solar, wind, hydro, or geothermal sources.

One REC is created for each megawatt-hour (MWh) of renewable energy produced, which can also be generated from your own solar panel system.

Why Sell Renewable Energy Certificates in Singapore?

By selling RECs in Singapore, you unlock an additional stream of annual income, and reduce your break-even period by 6 to 12 months.

Alternatively, you can also opt for our complimentary REConnect maintenance programme, which offers extended warranties and fault monitoring all year round, ensuring your solar panel system runs smoothly 24/7.

What Does The Renewable Energy Certificate Selling Process Look Like?

Sellers

As the owner of a solar system, you have RECs that can be sold on the marketplace

Facilitators

RECs are tracked, verified, and traded via international registries or through authorised third-party aggregators and platforms.

Buyers

Corporate clients and sustainability-driven organisations purchase RECs to meet their green energy goals.

How the REC Process Typically Works:

Step 1

Submit your solar system registration details to a recognised REC registry or authorised aggregator.

Step 2

Submit your solar system registration documents.

Step 3

Authorise a third party to track and manage your RECs.

Step 4

Step 5

RECs can then be sold to buyers through the platform or managed for future sustainability claims.

Step 6

Receive regular cash payouts directly to your bank account once your RECs are sold.

Maximize your RECs with Fomo REConnect.

REConnect is FOMO Energy’s proprietary operations & maintenance programme, designed to help you get the most from your solar system year after year.

Under FOMO Energy’s proprietary REConnect program, we offer the following benefits for our customers who choose to sell RECs with us:

Extended warranties for your current solar system

Maximize your solar system’s performance with our full operations & maintenance package. Under REConnect, FOMO Energy provides extended warranties and handles all necessary repairs and preventive maintenance to ensure optimal efficiency year-round.

Smart monitoring all year round

Real-time fault detection and performance tracking with a proprietary algorithm and data from the Solar Energy Research Institute of Singapore. Our system monitoring ensures quick alerts, enhanced safety, and optimal efficiency

Frequently Asked Questions

Are RECs different if I am under SP Group compared to other electricity retailers?

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.

Does selling RECs affect my electricity supply or my home?

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.

What causes the price volatility of RECs?

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 end-2024, selling 1 REC in Singapore for small or medium asset owners will fetch between SGD $20 to $45.