[retiredguy123]

Originally Posted by biker1

Arcadia is selling Renewable Energy Credits (RECs). Think of it as a way to financially support wind power directly even though your power doesn't come from a wind farm. For many people, I believe this is a "feel good" sort of thing and an opportunity to financially support alternative energy (they are a financial vehicle). In our previous home (not in The Villages), our power company did offer the same service: you could pay extra per kWh and essentially contribute to alternative energy sources through RECs. I suspect the participation rate was very low.

But, they offer a free option where they claim to certify that 50 percent of your energy will come from renewable sources. How can it be free?

[biker1]

They are not an energy supplier and they don't impact where your energy comes from. SECO makes those decisions. They are selling a financial vehicle to support alternative energy. Reread their offers - one is for RECs for 50% of your usage - that does not mean that 50% of your usage will come from renewable energy sources. They will essentially sell you RECs that represent 50% of your usage. Big difference. You should contact them directly for specific questions.

Originally Posted by retiredguy123

But, they offer a free option where they claim to certify that 50 percent of your energy will come from renewable sources. How can it be free?

[retiredguy123]

Originally Posted by biker1

They are not an energy supplier and they don't impact where your energy comes from. SECO makes those decisions. They are selling a financial vehicle to support alternative energy. Reread their offers - one is for RECs for 50% of your usage - that does not mean that 50% of your usage will come from renewable energy sources. They will essentially sell you RECs that represent 50% of your usage. Big difference. You should contact them directly for specific questions.

The 50 percent option does not cost anything. So, how are they selling something for nothing?

[biker1]

The fact that they are charging you $0 doesn't mean they aren't making money from another source behind the scenes. These are financial vehicles. Unless you are in the biz it is hard to know all the ins and outs. You should contact them directly for specific questions.

Originally Posted by retiredguy123

The 50 percent option does not cost anything. So, how are they selling something for nothing?

[retiredguy123]

Originally Posted by biker1

The fact that they are charging you $0 doesn't mean they aren't making money from another source behind the scenes. These are financial vehicles. Unless you are in the biz it is hard to know all the ins and outs. You should contact them directly for specific questions.

So, they don't charge anything, they don't produce or provide any energy, they don't change how or where you get your energy or what kind of energy you use, but they still make money. I want to get into that business.

[biker1]

It does sound pretty good! Many financial vehicles are difficult to understand and the people involved don't actually make anything yet they still get paid (and provide, at least in some cases, a valuable service). Think of Wall Street and options, credit default swaps, short sales, etc.

Originally Posted by retiredguy123

So, they don't charge anything, they don't produce or provide any energy, they don't change how or where you get your energy or what kind of energy you use, but they still make money. I want to get into that business.

[autumnspring]

Originally Posted by retiredguy123

So, they don't charge anything, they don't produce or provide any energy, they don't change how or where you get your energy or what kind of energy you use, but they still make money. I want to get into that business.

This lesson was learned many years ago. WE used to send for FREE STAMPS advertised on matchbook covers and then the BILLS would just keep coming.

TRUTH, I did not learn the lesson the first time. I picked up a tear off thing for FREE LAND IN-that right-IN FLORIDA, from a NYC bus about 1958. If, you remember all the scams for FLORIDA SWAMP LAND in the 1950's and 1960's.
On this ad, you supplied your phone number. I was about seven when I sent in for MY FREE LAND. These guys kept hounding us on the phone. My dad finally got rid of them when he explained my allowance was TWENTY-FIVE CENTS A WEEK and they could not do business with a minor.

[biker1]

You have drawn a very poor analogy. If you own any mutual funds, ETFs, individual stocks, futures, options, etc. then you are using financial vehicles. This is just another one.

Originally Posted by suesiegel

This lesson was learned many years ago. WE used to send for FREE STAMPS advertised on matchbook covers and then the BILLS would just keep coming.

TRUTH, I did not learn the lesson the first time. I picked up a tear off thing for FREE LAND IN-that right-IN FLORIDA, from a NYC bus about 1958. If, you remember all the scams for FLORIDA SWAMP LAND in the 1950's and 1960's.
On this ad, you supplied your phone number. I was about seven when I sent in for MY FREE LAND. These guys kept hounding us on the phone. My dad finally got rid of them when he explained my allowance was TWENTY-FIVE CENTS A WEEK and they could not do business with a minor.

[autumnspring]

I repeatedly wonder.

THE VILLAGES is a financial powerhouse and yet, we do not operate TOGETHER for LOWER COST cable service, generate our own power. legal discounts, investment discounts etc etc

JUST TOSSING IT OUT. Could we get 100 Villagers to agree on anything?

[rubicon]

Originally Posted by biker1

Arcadia is selling Renewable Energy Credits (RECs). Think of it as a way to financially support wind power directly even though your power doesn't come from a wind farm. For many people, I believe this is a "feel good" sort of thing and an opportunity to financially support alternative energy (they are a financial vehicle). In our previous home (not in The Villages), our power company did offer the same service: you could pay extra per kWh and essentially contribute to alternative energy sources through RECs. I suspect the participation rate was very low.

biker: not to be a contrarian see my post #6. the voters voted this down. I wish people would get more of a "feel good"attitude and financial support to convert my vehicles so they can run on natural gas. some posters are debating the term to be used . Put any label you want on it but Aradia Power move is a scam as sure as Telsa Motors subsidies are and government continues to pick winners and losers