PJM Geothermal REC
Market Overview
RECs are incentive credits that allow owners of geothermal systems to monetize the environmental benefits of their systems' energy efficiency. Carbon Solutions Group (CSG) partners with local installers to create a seamless offering that gives customers a direct line to collect their REC incentives .
Eligibility
For residential systems, the geothermal system must have been purchased and placed in service within the PJM region after January 1, 2018. Documentation must be provided showing energy savings in energy measures (not dollar savings).
Contract Options for Customers
Full Upfront - One Upfront Lump-Sum Payment
This option is one payment upfront. This is a pre-payment for the renewable energy credits generated over the system's useful life. We calculate this payment based on the size of the system and the energy efficiency of the system. Determining factors include the total conditioned square footage, the type of heating system being replaced, water heater type, and other home energy efficiency factors. Payment is made in full within 30 days of all registrations being approved.
Registration
Overview of the Process and Timeline
The registration process will begin after a system has been installed and the system owner has signed a REC contract with Carbon Solutions Group. The system registration process generally takes between 4-6 weeks. Typical payment to the customer is net 45 from the system registration date.
Required Information
- System Specifications for original and GHP equipment
- Proof of installation document (Building permit, paid invoice, etc)
- Proof of interconnecting utility (Approved utility rebate for GSHP or if not available Utility Bill and Construction/Drilling Permit)
- Energy Savings report: Must show energy savings
- System Photo (showing heat pump nameplate)
We appreciate the
opportunity to work with you.
Carbon Solutions Group
Contact Information
Phone: 888-316-GREC
Email: GREC@carbonsolutionsgroup.com
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