What is Re(source)?

We are a carbon offset development company that enables owners of small-scale solar PV (solar panels) installations (under 5MW in generation capacity) to create carbon offsets from their solar PV systems and also facilitates the sale of these carbon offsets to buyers in Alberta’s carbon market.

The value of the offsets generated by a particular solar PV system depends on a variety of factors but, with Re(source), a 10 kW capacity system may yield around $6,591.36 worth of carbon offsets over the next ten years.

Re(source) then takes a 30% Administration Fee (this percentage is subject to change with our goal being to keep the fee as low as possible) from the total offset revenue which means the owner of the solar PV system receives a total payout of  $4,613.95.

Before we can proceed, there are conditions set by provincial and federal legislation that means a small solar PV system must meet these criteria in order to create and sell carbon offsets:

• The solar PV system must be located in Alberta

• The owner must be able to prove they own the solar PV system in question.

• The solar PV system must be connected to the electricity grid.

• The solar PV system must have been installed after January 2, 2012

• The owner has not signed away the system’s renewable energy attributes via Renewable Energy Certificates (RECs) or other aspects of the system’s environmental impact.

• The solar PV system was not installed using the following funding/financing programs:

  • Any grant from Emissions Reduction Alberta (ERA)

  • Change Homes for Climate - Solar Program (Edmonton Solar Rebate)

  • Residential and Commercial Solar Program (EEA or NDP Grant)

  • Post-2019 Alberta Municipal Solar Program (MCCAC)

  • Renewable Energy Certificates (RECs)

  • Building Energy Retrofit Accelerator (Edmonton)

  • City of Medicine Hat (if connected on or after January 1, 2022)

Can you tell me how much my system can make with carbon offsets?

We will create a carbon offset revenue forecast specifically for your system that will look like this

Looks good! What are the next steps?

We will send you our user agreement for you to review prior to onboarding your solar PV system to our carbon offset platform.

Lastly, we will need you to provide or grant us permission/access to acquire the following pertaining to your solar installation:

1. The date your solar installation started producing energy while connected to the electric grid

2. The street address where your installation is located. If this address is available in legal land description format (Alberta Township System), that would be ideal.

3. We will require a copy of these documents as part of the onboarding process:

1. An electricity bill issued after your solar PV system has been installed and turned on, which will display your:

   1. Electrical Site ID #

   2. Electrical Meter ID #

2. Solar installation invoice/agreement that shows your system has been fully paid for and displays the following:
   (If possible, providing us access or login credentials to your installation’s remote monitoring platform would take care of these all at once)

   1. System size (kW or MW)

   2. Inverter manufacturer

   3. Single-line diagram

Conclusion

Once your system has been successfully onboarded to our carbon offset platform, you will automatically be creating carbon offsets as long as your solar PV system is producing renewable energy and is connected to the electricity grid!

All you need to do is wait for us to reach out to you once your carbon offset dividend is ready.

If you have any questions please feel free to reach out to me at:

gino@resourceenergy.ca

+ 1 780 862 7059

Thank you for considering Re(source) and we are looking forward to getting in touch with you!

Gino Genson

Cofounder and Business Lead

References and useful links:

Alberta's emissions reduction regulation

Alberta Emission Offset System

Alberta Emission Offset Registry

The protocol we use to create carbon offsets