What is the basis for the cost of a Grassroots Carbon Credit?
The typical home uses about .34 gallons of No.2 fuel oil in New England per square foot per year. A 2500 Sq-Ft home will therefore use about 850 gallons of No.2 fuel oil and produce about 410 Tons of CO2 over its 30-year useful life of the system. The added cost to install a Hybrid Solar / Geothermal system to this size of a home is about $27,000 with a fourteen year payback. On a lifecycle basis of 20 years, this works out to about $13.40 / Ton of CO2 produced by the home over a 30 year lifecycle. With the Grassroots Carbon Credits program, homeowners pay the costs over time up to a 9-year payback. The cost offset by Grassroots Carbon Credits investors works out to about $13.40/Ton of the net reduction in the 30 year lifecycle CO2 produced. This example is for a small-scale residential application. Based on investing in small scale residential projects, Grassroots Carbon Credits has arrived at an average cost of $13.40 per Ton of CO2 with various payment plans.
