Following the , certain federal energy tax credits (like the Investment Tax Credit or ITC) can now be "sold" to third parties.
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) 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 : Following the , certain federal energy tax credits
: You must have a federal tax liability at least equal to the credit's value. No Resale : Purchased credits cannot be resold. buying energy credits