ABP: Disclosure Form Guidance

There are some new fields and calculations in the updated Disclosure Form (SD) that require inputs from our designees.  Please see below for guidance on how to best fill out these new fields.

Section: Fees and Total Cost

Fees that will apply

List all fees associated with the project that are known to apply at this time (for example, application fees, interconnection fees, maintenance fees, etc.). Do not list any portion of the REC incentive withheld from the customer if that amount has already been accounted for in disclosing the amount of the REC incentive payment passed through to the customer.

Fee Name Amount ($) When It's Due Number of Payments Total Amount

Carbon Solutions Guidance:

Please list out application fee ($20/kW, AC) and 5% utility held collateral if either of these is being charged directly to the customer.  These fees can be calculated using the REC Calculator in Carbon Solutions portal.  If the designee is covering this fee, it does not need to be listed.  Also, please list any applicable fees in your installation/sales/lease agreement.

Other fees that may apply

List all fees associated with the project that may apply and the applicable customer conditions that would warranty the fees (for example, late payment fees, early termination fees, etc.)

Fee Name Amount When Applicable

Carbon Solutions Guidance:

Please list out any fees in your contract with the customer that may apply here.

Collateral Fee

Will the Approved Vendor charge a collateral fee or withhold part of the customer's REC incentive payment?*

Carbon Solutions Guidance:

This is “Yes”

Collateral fee requirement type:*

• Charge a fee - choose this option if the customer is being invoiced for the 5% collateral upfront.
• Withhold part of the REC Payment - choose this option if your company is paying the 5% collateral on behalf of the customer and having the collateral payment returned to your company when the customer is paid. OR choose this option if your customer has any additional collateral. 

Amount of collateral fee: ($)*

• This would be only the 5% collateral if the previous question response was “Charge a Fee”. As CSG does not collect additional collateral upfront. Note - the Disclosure Form is not set up to capture the scenario where a customer pays the 5% collateral upfront and has additional collateral withheld from their payment. This should be explained elsewhere within the Disclosure Form. 
• This would be the 5% utility held collateral plus any additional collateral if applicable, if “Withhold part of the REC Payment” was selected.

Estimated date for return of collateral fee*

• Within 90 business days of contract completion. 

Conditions for return of collateral fee*

• Delivery of contracted RECs, or payment for any undelivered RECs, will lead to return of collateral in full. 

Section: Illinois Shines Incentive Payment

Carbon Solutions Guidance:

Please use the REC Calculator built in our portal to answer the questions in this section.  This calculator can be accessed in the side menu on our portal:

The expected value of the REC incentive payment(s) that will be received by the Approved Vendor for this project if accepted into Illinois Shines program (acceptance not guaranteed) ($): *

Carbon Solutions Guidance:

Please list the “Gross Contract Value” from our REC Calculator results.

Amount of the REC payment that the Approved Vendor will pass on to the customer ($):*

Carbon Solutions Guidance:

Please list the “Total System Payout After Fees” from our REC Calculator.

Is the installation contract contingent upon selection for the Illinois Shines Program incentive?*

Carbon Solutions Guidance:

Please respond based on your installation contract terms.

When will Approved Vendor submit an application to the project to Illinois Shines? Please enter a date or condition below.*

Carbon Solutions Guidance:

CSG submits applications usually within 30 days of completed SREC contract with customer and paid application invoice. Actual timing may vary based on application accuracy, completeness and volume.

New Section:  Project Design Specifications:

Section: Additional Terms and Disclosures

If you move

Requirements for including the transfer of your solar project as part of a real estate transaction if you sell your home or business:*

Carbon Solutions Guidance:
Seller must notify CSG and buyer is required to agree to contract transfer. Collateral will transfer to the new homeowner as well. A term extension of 5 years or $25/kW AC will apply to any transfer.

Additional details or explanatory information

Please provide any other information related to the project:

Nothing listed shall alter, amend, repeal, or supersede the disclosure requirements contained in this form.

Carbon Solutions Guidance:

CSG charges a fee of up to 12.5% of the SREC contract value. An additional 8% fee applies to systems not connected to the internet. The customer must sign a contract with CSG, the full contract avail upon request by email. 

Please contact [e-mail] with any questions.