G-REC Program
Geothermal pays youback every year.
Virginia & Maryland lead the nation in reimbursing customers for installing Geothermal.
- GRECs (average home is paid $3,000 annually)
- Energy savings (average home saves 50%+ on their energy bills)
- Utility Rebates
- Electrification program
What it is
A G-REC is a credit your system earns for the clean heat it produces. It isn't a rebate or a one-time discount. It keeps earning every year your system runs.
- Real cash payments
- Made directly to you
- Distributions paid quarterly
Your home's G-REC score
THINK OF IT LIKEA CAR'S MPG
Tell us your home's size and we'll work out your G-REC score and what it could pay each year.
Get my G-REC scoreEvery geothermal home gets a G-REC score, the same way every car has an MPG (miles per gallon) rating. The score is how many credits your home earns in a year, and bigger homes score higher. Your score times the price of a credit is what you're paid each year.
Who gets paid
Own your system and every credit is yours.
How it works
THREE STEPS
01
Your home gets a G-REC score
Based on its size and system.
02
Your Credits get registered with the state program
03
Payments arrive
Every Quarter, as soon as your system is installed.
Credit prices, production and income are estimates, not guarantees. Any credit value shown is an estimate, not an offer.
- QUARTERLYCash payments
- $0Maryland sales tax on geothermal
- ALREADY INSTALLED?You can still enroll
REAL HOMESREAL PAYMENTS
KENSINGTON, MD
- Size
- 2,034 sq ft
- Heated with before
- Gas and electric
- Credits a year
- 23 G-RECs
$2,116a year
BURTONSVILLE, MD
- Size
- 2,881 sq ft
- Heated with before
- Oil and electric
- Credits a year
- 53 G-RECs
$4,876a year
VIRGINIA
- Size
- 3,318 sq ft
- Heated with before
- Electric
- Credits a year
- 37.9 G-RECs
$3,487a year
What you earn depends on your home's size, what it heated with before and the credit price at the time. Credit prices change over time.
ALREADY HAVE GEOTHERMAL?YOU CAN STILL GET PAID
If your home already has geothermal, even a system we didn't install, you can still earn G-RECs.
Contact usWhat you'll need to enroll
- 01Your home's square footage, including the basement. It's on your county's tax assessment site.
- 02The age of your old system and of your home.
- 03What you heated and cooled with before.
- 04When your geothermal was installed.