What is a REC?

A REC is equal to 1 MWH of electricity generated by a renewable source. RECs are minted and transacted on “REC Tracking Systems”. Different tracking systems cover different areas of the country. CSG serves as a generator, marketer, broker, and aggregator for RECs across the country. Please contact CSG if you want more info on selling your...

ABP 5% Utility Collateral

One of the requirements for participation in the Illinois Adjustable Block Program (ABP) is the 5% Performance Collateral.  This is 5% of your total REC contract value that is held by the utility your system is contracted with (either ComEd or Ameren).  This 5% is withheld by the utility for the full 15 year period of the REC contract and is used to ensure that your system continues to operate as projected and generate RECS. If your system under-performs during any year in the 15 year period and fails to generate the RECs projected for that year the utility may “clawback” REC payments.  This means that you may have to pay the utility back for some RECS that were not generated.  The projected delivery schedule will be included in your REC contract and updated once the IPA has confirmed your systems participation and delivery schedule. If your system is energized when you apply for the ABP the 5% collateral can be withheld from your first REC payment.  If your system is not energized when you apply to the ABP the 5% collateral will be collected by CSG upon contracting and sent to the utility to hold for the duration of the 15 year period.   Example Calculation of 5% Collateral:   10kW AC Fixed-Tilt System using the Standard Capacity Factor Ameren Territory: $85.10/REC Total # of RECS on Contract = 216 Total Contract Value = $85.10 x 216 = $18,381.60 5% Collateral = $18,381.60 x 5% = $919.08   Please note some systems may have additional collateral withheld from the first REC payment by CSG if the capacity factor appears significantly...

Required Documents for IL ABP Participation Through CSG

Below is a list of the documents required to process your application for the Illinois Adjustable Block Program. Program Informational Brochure – Given out by installer and attached to CSG’s REC Contract ABP Program Disclosure Form – Must be signed before contract email comes from admin@illinoisabp.com (see example below) May be signed electronically by filling out link in email (see example below) CSG’s REC Contract – Sent via DocuSign CSG’s...

ABP Co-Location Rules

From pg 26-27 of the ABP Guidebook Co-location of DG Projects The total capacity of distributed generation systems enrolled in the Adjustable Block Program at a customer’s location will be considered a single system. (For example, three 100 kW systems at a single location will be considered a 300 kW system.) For purposes of determining the system’s REC price, a system’s location is considered to be a single building (regardless of the number of utility accounts at the location) for rooftop installations, and a single property parcel for ground-mounted systems (if a property had both rooftop and ground-mounted systems, it will be considered a single system). Additionally, systems located on multiple different rooftops on the same parcel will be considered a single system if each system is owned by the same entity or its affiliates. If two or more projects on one parcel are separately owned and serve to offset the load of separate entities, then in order to have these arrays considered as separate projects, an Approved Vendor must provide proof that the occupants are not affiliated entities, and each has a separate utility meter and separate utility billing.   Co-location of Community Solar Projects   No Approved Vendor may apply to the Adjustable Block Program for more than 4 MW of Community Solar projects on the same or contiguous parcels (with each “parcel” of land defined by the County the parcel is located in). Co-located projects summing to more than 2 MW of Community Solar may be permissibly located in one of two ways: Two projects, of up to 2 MW each, on one parcel; or One...

Illinois Adjustable Block Program Overview

Carbon Solutions Group (CSG) is serving as a Solar Renewable Energy Credit (SREC) Aggregator for the Illinois Adjustable Block Program.  This program is set to open up January, 30th 2019. New customers should review the ABP Program Brochure for general program information. All of CSG’s ABP customers will be receiving the following documents in addition to the contract with your installer. Schedule A Carbon Solutions Group (CSG), the company that will be handling your SRECS will be sending out Schedule As for your system if it is already energized. Please be on the lookout for an email titled “Please DocuSign:Schedule A” from “Carbon Solutions Group via DocuSign”. A Schedule A gives CSG the ability to register your system with PJM-EIS GATS, and produce SRECS on your behalf. This is required to participate in the Adjustable Block Program. If no contract is subsequently reached with CSG, then this document will be considered null and void. Standard Disclosure Form CSG will also be sending out Standard Disclosure forms over the next few days for your review and signature. These forms will be sent from admin@illinoisabp.com and will be titled “E-Signature Needed For Illinois Shines Consumer Disclosure Form” These forms are required for participation in the Adjustable Block Program, and seek to provide an apples to apples comparison of other system install quotes that you may have received please review your Standard Disclosure form for accuracy and sign once reviewed. After signing, the document will automatically be returned to CSG via the Illinois ABP website. SREC Contract CSG will begin SREC Contracting Monday, January 28th. This contract will contain all information relevant to...