Renewable Energy Certificates in Singapore

Sell Renewable Energy Certificates (RECs) hassle-free with FOMO Energy. Maximise savings & maintain your system for free with our complimentary maintenance programme.

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

FOMO Energy

FOMO Energy receives the Renewable Energy Certificates (RECs) generated by your solar PV system and trades them with corporate clients.

Buyers

Companies committed to environmental sustainability buy RECs from us

How to Sell Renewable Energy Certificates With FOMO Energy?

Step 1

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.

Why Choose FOMO Energy?

No out-of-pocket costs

We do not charge any additional fees for trading your RECs with us

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.

Complimentary Maintenance

Alternatively, instead of selling your RECs for cash, you can also opt for complimentary maintenance under our program, REConnect.

What is REConnect?

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.