Current market price of carbon credits
The price of these RECs can vary greatly from state to state and year to year. According to the National Renewable Energy Laboratory (NREL), in 2011 the price of one REC in Ohio was a little under $35, and it fell to $8 by 2015. By comparison, prices in New England were below $20 in 2011, and climbed to between $45 and $50 in 2015. Each project therefore commands its own carbon credit price, determined by the cost of the project and market demand. A small project, producing limited credits in a way that brings health, social and economic benefits to the local population, whilst protecting and enhancing the local environment, will command a much higher price than a large