Energy Credits, Certificates and Taxes

I talked with the local energy utility company JEA, Jackson Energy Authority. I asked Bruce Dorris about the fine print on the agreement form of the Tennessee Valley Authority Green Power Switch Generation Partners. The application mentions Renewable Energy Certificates (REC) credits. Bruce, Wikipedia and explained these credits and certificates this way.......

REC chartREC chart

  1. Tax Credits see (Business Energy Investment Tax Credit (ITC)) and/or   Residential Renewable Energy Tax Credit 
  2. Carbon Credits. (A Form of TAX) (Part of the Cap and Trade Pollution Emissions Reduction Scheme) There are two distinct types of Carbon Credits: Carbon Offset Credits (COC's) and Carbon Reduction Credits (CRC's). Carbon Offset Credits consist of clean forms of energy production, wind, solar, hydro and bio fuels. Carbon Reduction Credits consists of the collection and storage of Carbon from our atmosphere through reforestation, forestation, ocean and soil collection and storage efforts. Both approaches are recognized as effective ways to reduce the Global Carbon Emissions crises.In the larger compliance market, companies, governments, or other entities buy carbon offsets in order to comply with caps on the total amount of carbon dioxide they are allowed to emit. In 2006, about $5.5 billion of carbon offsets were purchased in the compliance market, representing about 1.6 billion metric tons of CO2e reductions.
  3. Renewable Energy Certificates (A Form of TAX) RECs are for energy PRODUCERS. This is what Europe and the socialist global warming fellers invented. All large carbon emitting  energy producers will be fined if they do not meet a certain criteria. This REC is given when ever green renewable energy is produced and can be sold like a commodity to another utility. Twenty some US states have some form of REC laws and others are expected to join.
    (RECs) are tradeable U.S. environmental commodities that represent 1 megawatt-hour of renewable energy generated from an eligible source. The REC provides a means of tracking energy produced from renewable sources and is a way to support the industry without actually requiring the arrangement for the transmission and delivery of the electricity. Companies are anticipating newer Emission Laws coming SOON!