SREC Incentive with Purchase Products
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1 - The Illinois Orientation
- Aveyo uses Carbon Solutions as the aggregator for SREC incentives for customers
- In addition to the disclosure signed before the initial agreement, customers purchasing their solar system who want to receive the SREC credits will be required to sign an agreement with Carbon Solutions. This agreement should be signed prior to installation.
- Carbon Solutions retains 12.5% of the total SREC payment to be the aggregator of the customer’s system. In addition the utility requires a 5% collateral payment and often an additional 2.5% collateral payment. All of these payments are taken into account with the estimate of the SREC payment displayed in Solo
- Collateral payments cover any underproduction of the system and will be returned to the homeowner after 15 years if unused for underproduction
- The remaining SREC incentive payment is paid to the homeowner by Carbon usually 12-24 months after PTO
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