Why is the purchase of RECs tax deductible?
Pursue Balance and Bonneville Environmental Foundation are registered as non-profit organizations and have been granted 501(c)(3) status by the IRS. When you make a contribution to Pursue Balance for the express purpose of buying Offsets, you are directing Pursue Balance to buy the amount of Offsets that you designate, and retire all available emissions credits. Although this means that you won’t personally own the emissions offsets as your property, you will help to accomplish the environmental outcome that is your goal – cleaner air and additional renewable energy projects. And, we will gratefully send you an acknowledgement of your contribution, which is tax deductible to the full extent allowed under the law. Please consult with your own tax advisor if you have further questions about the tax deductibility of your contribution.
