Illinois GREC Market Overview (Partners)

Illinois 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 purchase of a Geothermal system and a Manual J calculation. Eligible systems placed in service after January 1, 2018. 

Referral Payments for Installers 

As a partner you will receive a set price per ton referral bonus for information sharing and converting your customer to be our registered customers. CSG is currently offering $100/ton. Referral Payments are sent annually. 

Example: 

Referral Payments for GAOI (Geothermal Alliance of Illinois) As a partner with GAOI CSG is currently offering $25/ton referral payments are sent annually. 

Example:

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 a 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. 

Example:

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 30 from the system registration date. 

Required Information 

• System Specifications/Details and cut sheets for original and GHP equipment • Proof of installation document (Building permit, paid invoice, etc) 

• ComEd Pre-Approval Application 

• Manual J or Energy Savings Report showing energy analysis of existing system and GHP • System Photo (showing heat pump nameplate) 

• Schedule A (provided by CSG)

We appreciate the 

opportunity to work with you. 

Carbon Solutions Group 

Contact Information 

Phone: 888-316-GREC 

Email: [e-mail]