ABP Fees and Bonding

In order to participate in the ABP/IL Shines Program there are a few fees and Collateral/Bonding that need to be paid either by solar system owners, Approved Vendors, or the system installer/developer. Different Approved Vendors and installation companies handle the fees differently so some or none of these may be need to paid by you. If Carbon Solutions is acting as your Approved Vendor this information will be provided in our REC Contract and subsequent invoices. ABP Application Fee $10/kW AC – Non-Refundable Each system is charged a non-refundable ABP Application fee when initially submitted to the ABP program. This fee is $10/kw AC (capped at $5000/system). If this fee is owed by the system owner/host directly you will receive an email from Carbon Solutions after contract signing. ABP Collateral or 5% Utility Collateral As part of the rules for the ABP program the Contracting Utility needs to hold a collateral of 5% of the REC contract value for the full duration (15 years) of a systems’ contract. For more details see our post for a detailed description of the 5% Collateral. Approved Vendor Fee -Varies Carbon Solutions charges an Approved Vendor fee for our services. This fee is withheld from the first REC payment. Please see your REC contract for the details of the Approved Vendor Fee for your system. Additional Collateral (Approved Vendor and System Dependent) Some Approved Vendors or systems may require additional collateral beyond the 5% utility collateral. Carbon Solutions does not charge for additional collateral upfront, but instead withholds it from the first REC payment. Please see your REC Contract for more details on...

What is an Approved Vendor for the Illinois ABP?

Carbon Solutions SREC is an Approved Vendor (AV) for the Illinois Adjustable Block Program (ABP). Approved Vendors serve as the counter party to the REC contract with the Utility under the ABP Program. Carbon Solutions SREC contracts with a solar system owner to submit their system to the ABP Program on their behalf. We also manage all of the registration of the system for the ABP Program and on the REC tracking system. We also will manage all REC generation and deliveries for the duration of the contract. For more information see the the FAQ Published by the ABP Program...

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. 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 higher than the Standard Capacity Factor.  This will be outlined in your REC contract if this is the...

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...
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