Over 2 million PV RECs created in July

20 Aug 2010

The number of PV RECs created has been growing each month, and reached an all time high with 2.017,692 RECs created in July.

This is putting some pressure on REC prices in the wholesale market and we have seen it fall $2 in the last week.

The number of RECs coming from Solar Water Heater installations has remained quite stable in comparison. The chart below shows the number of RECs created each month for both PV and Solar Water Heating.Over 2 million PV RECs created in JulyOver 2 million PV RECs created in July