A renewable energy certificate (REC) is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. . Solar “use” claims and associated claims about greenhouse gas footprint reductions are contingent on the ownership of, or exclusive rights to, the renewable energy certificates (RECs) associated with the solar generator's output. RECs are issued and tracked through regional tracking systems that collect electricity production data. Property rights determine how land can be used, bought, and sold, and what others can and cannot do on or around that land. Another key factor in site selection is. . Students and scholars of property may recognize this description of RECs as carrying an entitlement that resembles a property right.
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