The solar PV system is eligible if: 

• • 1. It is under 5,000 kW DC.

    2. It is located in Alberta.

    3. It can provide proof of ownership.

    4. It has a completed interconnection agreement with a utility. (this proves you are a micro-generator)

    5. It was installed after January 2, 2012.

The micro-generator must not have relinquished or waived ownership of their emissions reductions or renewable energy attributes in the form of Renewable Energy Certificates (RECs), one of the grants/funding programs in this list, or other instruments. Check out our onboarding guide for details.

Re(source) Energy is a carbon offset development company that gives owners of grid-tied solar power systems (solar PV or solar panels) under 5 megawatts (<5,000 kW / <5 MW) the ability to create carbon offset credits in Alberta. We also facilitate the sale of these carbon offset credits to buyers in Alberta’s carbon market.

The value of the carbon offset credits created by a particular solar PV system depends on a variety of factors but with Re(source), a 10 kW capacity system may create around ~$6,221.74 in carbon offsets over the length of our standard 9 year term. A fixed 10 year term and an 8 year term with a 5 year extension option are also available.

Re(source) then takes an administration fee of 30% or less of the total net profit from the sale price of the created carbon offset credits. 

This will result in the owner of the solar PV system receiving annual payments that will total to at least ~$4,202.67 at the end of the 9 year term (2024-2032).