- February 25, 2025
- Posted by: Mackenzie Smith
- Categories: Buildings, Green Globes, Green Power, RECs
How Companies Can Use Renewable Energy Certificates (RECs) to Achieve Green Globes Certification
Sustainability is becoming a top priority for real estate owners, and green building certifications like Green Globes are providing significant financial and environmental benefits.
At Current Partners, we have been working closely with multifamily building owners to help them achieve Green Globes certification, which not only strengthens their sustainability profile but also lowers mortgage rates. Green Globes-certified buildings qualify for Fannie Mae and Freddie Mac’s Green Financing programs, reducing their mortgage rate by 0.01%. While this may seem small, it translates into significant annual savings and increases the overall loan amount a property can secure.
What Are Renewable Energy Certificates (RECs)?
RECs represent the environmental benefits of generating electricity from renewable sources like wind and solar. By purchasing RECs, companies can claim that a portion—or all—of their energy use comes from renewable sources, even if their local utility does not offer green power options.
For Green Globes certification, buildings need to demonstrate that they are sourcing a portion of their electricity from renewable energy, and RECs provide a simple and cost-effective solution to meet this requirement.
How RECs Help with Green Globes Certification
- Meeting Energy Performance and Sustainability Goals
- Green Globes evaluates a building’s energy efficiency and sustainability efforts. Purchasing RECs helps meet renewable energy requirements without needing on-site solar panels or wind turbines.
- Qualifying for Fannie Mae & Freddie Mac Green Financing
- Green Globes certification qualifies buildings for Green Financing incentives, reducing interest rates and increasing loan amounts.
- A 0.01% lower mortgage rate can result in thousands of dollars in annual savings, making sustainability investments financially beneficial.
- Boosting Marketability & Tenant Appeal
- Investors and tenants increasingly prefer properties with sustainability certifications. Green Globes and RECs help buildings stand out in a competitive real estate market.
How Current Partners Can Help
At Current Partners, we specialize in helping commercial and multifamily buildings navigate Green Globes certification by providing affordable and high-quality RECs. We simplify the process by:
- Identifying the right REC strategy for Green Globes certification
- Ensuring compliance with sustainability standards
Get Started Today
If you’re a real estate owner looking to save money, increase loan amounts, and improve your sustainability profile, purchasing RECs for Green Globes certification is a smart move. Contact Current Partners today to learn how we can help your building achieve Green Globes and take advantage of Green Financing incentives.
Ready to get started? Let’s make your building a leader in sustainability and innovation!