Renewable Energy Credits - Get 'Em Cheap Now!

Real Life LEED just got an interesting email from Renewable Choice Energy about how right now (or at least a few days ago), prices for renewable energy credits (RECs) that are required to earn EAc6, Green Power are at a two year low.

Prospectors for LEED Gold

Off Topic? Yes, but you try finding a funny picture for RECs!

The kicker is that, of course, they don't expect these prices to stay low. From the email:

Looking into 2009, there is a high likelihood of the incoming Obama administration pushing through pro-green power legislation. This will likely be in the form of a national “RPS” (mandate that all utilities must have a certain percentage of renewable energy or pay penalties). This is great news for the industry and great news for our planet! That said, this increased regulatory demand for green power will likely result in higher prices for the voluntary green power market. While it is impossible to predict the future, it seems increasingly likely that in early 2009 we will see significantly higher green power prices than we have today.

So though prices may not rise soon, it's pretty clear that the costs are good right now. See this post for more information about estimating the price of RECs. Have you seen prices drop recently? Please share by leaving a comment!

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