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Most of these programs have slightly different rules, but they are similar to buying bonds or securities. They may also give you tax breaks. And it is very likely that the program will change toward standardization as the "carbon market" develops. You may be offered a buy-out or conversion in a few years. This can be to your benefit, but you have to know the territory.
You really have to call your electric company and have a rep explain their terms to you.
In general, this is a Good Thing, but you should look before you leap. Also keep in mind that there is a gallon of greenwash to comes along with these programs.
Good luck!
--p!
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