Generating Solar Carbon Credits in Alberta

Publication Date

Overview

Solar energy isn’t just a great way to save on electricity bills. There are opportunities for everyone to generate carbon offsets (aka carbon credits) when installing solar systems, and it’s simpler than you may think.

Solar energy isn’t just a great way to save on electricity bills. There are opportunities for everyone to generate carbon offsets (aka carbon credits) when installing solar systems, and it’s simpler than you may think.

Radicle has designed an innovative program to help both businesses and individuals benefit from solar even further. Let’s dive into how solar can generate emissions reductions and financial opportunities for nearly everyone with a solar panel in Alberta.

Solar power is an incredible resource for creating a more sustainable planet, and it has many benefits. Green energy generated from solar projects reduces greenhouse gas (GHG) emissions by displacing electricity generated from the combustion of carbon-based fuels. On a much larger scale, solar can generate power for thousands of people at once.

In Alberta, when homes and businesses need electricity, they pull energy from a shared pool or the grid, which is currently very coal-based. As solar panels are added to homes and renewable energy is added to that shared grid, the total energy being used is now cleaner and emits fewer GHGs. About half of a carbon credit is generated for every one megawatt-hour of solar energy produced in Alberta.

Emissions reductions from solar can be monetized so that companies and individuals can financially benefit from their solar system. By installing solar panels on your home or business, you can save on the electricity you consume, and earn money for the solar energy you produce. Solar energy production can earn money in two ways: exporting energy into the power grid, and creating carbon credits.

In Alberta, solar energy can generate carbon credits, and these credits can be sold into the carbon market, adding to your financial benefit. But how do you access this benefit? Radicle has created the first aggregated solar pool, so that projects of any size, including residential solar systems, can generate carbon credits. If your project is in Alberta and connected to the grid, you can find out if your project qualifies for Radicle’s Solar Program, through our program page

Once a solar project qualifies, Radicle registers it with the Alberta Emissions Offset Registry (AEOR), which allows single home solar panels to create credits alongside large commercial projects. Credit generation depends on a variety of factors, but typically a 10 kW capacity system will see revenues around $160 per year.

So what's next? After providing Radicle with some basic data on your solar system, our experts will determine your eligibility and register your system into the project. After that, you will begin generating credits annually and earn revenue from your system for eight years as long as you provide Radicle with annual updates on your system’s production.

Radicle’s Solar Program is designed to help businesses and individuals take advantage of solar panel systems. The result is twofold - offsetting emissions while also earning money. It's a win-win.

Do you have a solar system ready to generate carbon credits, or are you curious to learn more about eligibility? Fill out our commitment-free eligibility form , or visit our FAQ page to learn more. 

Radicle’s Solar Business Development Manager, Christine Ward, spoke more about Radicle’s Solar Program and solar eligibility in our webinar, ‘How to Generate Carbon Credits from Solar in Alberta’, which you can watch here.

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