Buying: Energy Credits
: When you buy a REC, you are buying the "greenness" of electricity. You still use physical electricity from your utility, but you own the claim that a specific amount of renewable energy was produced on your behalf. For Individuals :
Buying "energy credits" typically refers to two distinct activities: purchasing to offset electricity use or purchasing Transferable Tax Credits as a financial investment. 1. Buying Renewable Energy Certificates (RECs)
Following the , certain federal energy tax credits (like the Investment Tax Credit or ITC) can now be "sold" to third parties. buying energy credits
Renewable Energy Certificate (REC) Services – shizenenergy
: Corporations or high-net-worth individuals can buy these credits at a discount (e.g., paying $0.90 for $1.00 of tax credit), effectively reducing their federal tax liability while providing immediate capital to renewable energy developers. Key Requirements : : When you buy a REC, you are
: It is a simple way for renters or those unable to install solar panels to support clean energy. For Businesses :
: You must have a federal tax liability at least equal to the credit's value. No Resale : Purchased credits cannot be resold. Key Requirements : : It is a simple
: Requires filing IRS Form 3800 with a specific registration number from the project.