Upfront Geothermal Renewable Energy Credit Purchase

ClearPath Renewables can provide a one-time lump sum payment to geothermal system homeowners in exchange for the transfer of ownership of the Environmental Attributes of the geothermal system, most frequently referred to as Geothermal Renewable Energy Credits (GRECs), to ClearPath. This program is available for a wide variety of scenarios including homeowners that are current ClearPath customers and homeowners just now considering the purchase of a geothermal heating and air conditioning system. The table below shows the expected value that ClearPath could offer to homeowners installing new geothermal systems. Homeowners who installed systems prior to 2023 may also be eligible for this program, however, the value of the payment will be determined on a case-by-case basis.

Table showing potential upfront payments for new geothermal installations with different system sizes and heat types replaced. Geothermal system sizes range from 3 to 8 tons. Payments vary from $3,000 to $8,000 for replacing electric heat pumps or resistance and $7,500 to $20,000 for replacing propane, natural gas, or oil. Note: Values are valid through June 2025.