Revenue Grade Meter Proof for the ABP

Proof of RGM for projects over 10kW AC: ABP is looking to verify two things, that the production is trackable, and that it is being monitored by a revenue grade meter.  If the revenue grade meter has a screen that shows production, a photo of the meter showing production should suffice (ideally this would show the make and model of the meter). If the revenue grade meter does not have a screen, then a photo of the physical meter (ideally showing make and model), and a screenshot from online monitoring would work. If the online monitoring for a system shows the RGM make and model installed (if you are viewing a system’s layout on SolarEdge, for example), a screenshot from the layout showing the make and model, and another screenshot from the main dashboard showing total production would work. If the RGM is an integrated add-on, like an SMA integrated RGM, a photo of the add-on, with an invoice for the add-on would...

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...

Application Delays (Under Construction)

Common Reasons for Application Delays The AC Size on your disclosure form does not match the AC size on your SREC Contract.There was a delay in receiving or signing your consumer disclosure form – when signed this creates an application for Carbon Solutions to complete.There was a delay in receiving or signing your SREC contract – once signed Carbon Solutions can submit an application on your behalf to the Illinois Shines program.Your application has missing information or inconsistent information, and we haven’t received a reply from your installer.The Batch your project is in is delayed because a project or projects need clarifications (projects submitted after March 2020 no longer face this issue). The AC Size listed on your Consumer Disclosure Form is >5% larger or smaller than the AC size listed on your SREC contract.  Tip: Double check the AC size, system address, and name listed on your disclosure form for accuracy.Resolution: In this case the ABP requires that you receive an updated disclosure form, and that you sign the form indicating you approve of the change. Delays: Between CSG informing your installer, your installer editing/creating a disclosure form for your signature, or because you cannot find or are not aware you need to sign the updated disclosure form. Timing: It can be indefinite Delays Related to completing the Consumer Disclosure Form – This document is one of the first things that you see as a prospective customer. It needs to be signed by you before you even sign an installation contract. An application is not created until this form is signed, and Carbon Solutions cannot send you an SREC contract...

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...

The CC Authorization Form, Performance Calls and Collateral

Overview This blog post provides more context and information regarding the Credit Card Authorization form requirement, as well as how it relates to SREC delivery, collateral, and performance calls. Background The 5% collateral associated with your SREC contract is held by the contracting utility. This is the utility that receives your SRECs, and makes SREC payments to you. Carbon Solutions buys SRECs from you and sells them to that utility. The 5% collateral must be maintained at that level for the term of the contract. As part of Carbon Solutions agreement with the utility, if SRECs are not delivered as contracted, the utility will draw on the 5% collateral at the contracted SREC price for however many SRECs are not delivered. The utility will then charge Carbon Solutions for the undelivered SREC(s).Due to the nature of the up-front payment, this payment is passed on to you. This is called a “Performance Call”. In practice, the utility will review SREC delivery after 36 months and compare the contracted amount with the amount delivered, based on the 36 month moving average of SREC delivery. After the first review, the utility will review annually thereafter until the contract ends. Example: 150 SRECs on the contract, 10 SREC per year, flat. Through the first three years your system delivered 10, 10 and 9 SRECs. So 29 SRECs are delivered of the 30 SRECs contracted. The utility will draw on the collateral for the amount of 1 SREC, and charge Carbon Solutions. In this example Carbon Solutions would invoice you for the same amount and provide five days notice before the card on file is charged....

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...
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