Massachusetts Solar Srec Program

For the past seven years massachusetts solar owners have been able to earn solar renewable energy certificates srecs for the energy produced by their solar energy systems.

Massachusetts solar srec program.

This article doesn t discuss why the. Systems 25 kw dc and less. The massachusetts solar renewable energy certificate srec program is one of the most advantageous financial incentives for solar available at the state level. Following this the state of massachusetts began developing the new solar incentive program and planning for the transition away from srecs.

Sadly this program is coming to an end. The program was designed to replace the state s solar renewable energy credit srec program. Building a brighter future for massachusetts. Massachusetts property owners who buy and install a solar panel system can earn hundreds or even thousands of dollars a year by selling the srecs the system generates.

The smart program officially started on november 26th 2018. In november 2018 the massachusetts department of energy resources doer officially opened the massachusetts smart program in order to support solar development throughout the state. In january 2010 the massachusetts department of energy resources doer took it one step further. Solar renewable energy credits srecs massachusetts is one of a number of states that have a renewable portfolio standard rps.

The replacement program will provide much lower green income to those going solar. The minimum standards for the class i solar carve out and solar carve out ii are the percentages of a supplier s total retail load obligation that must be met by the ownership of solar carve out and solar carve out ii renewable energy certificates srecs and srec iis issued by the nepool gis with each srec or srec ii representing the. Srecs exist as a result of a regulation known as the renewable portfolio standard rps. The massachusetts department of energy resources doer in conjunction with the participating electric utilities is setting their sights even higher for the most energy efficient state in the nation by launching the solar massachusetts renewable target smart program.

This requires electricity suppliers to secure a portion of their electricity from renewable energy generators. Must be operational on or before november 26 2018 in order to enroll in srec ii. The smart program officially launched on november 26 2018 marking the last day on which solar facilities in massachusetts could qualify under the srec ii program in order to qualify facilities need to meet the following requirements. The massachusetts department of energy resources doer launched the first massachusetts srec program in january 2010.

What is an srec. A homeowner earns one srec for every 1000 kilowatt hours kwhs produced by their solar panel system an srec can be worth over 300 in certain states.