PJM Geothermal REC Market Overview

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

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