05/22/2026
GRECs are geothermal heat pump (GHP) renewable energy credits. Renewable energy credits are purchased by industries to pollute to avoid fines.
The GHP owner received some of this money. Why?
Not only are geo heat pumps emission-free ( no on-site air pollution, including GHGs) but they lower peak demand. Demand reduction is the Holy Grail of electric utilities. It saves $ for every ratepayer, not just the homeowner.