As I reported in this space back in February, the MA DOER announced that they were considering reducing the SREC opt-in from 10 years to 8 years with a deadline of June 20th but saying that applications should be in by June 1st so they could get processed in time. They have since changed their mind and said it will stay at 10 years but at a June 7th public meeting on the state of solar, the MA DOER announced that they had received enough applications to hit 800 MW! This is well over the 400 MW cap proposed under the original solar program. Continue reading
Monthly Solar Production – May 2013
They’re saying that this spring in New England has been breaking records for the most rain. Maybe all that rain is at night because my solar panels are cranking. Combine that with lower-than-average temperatures (and less use of the AC) and it ends up almost doubling my biggest credit ever from last month! Continue reading
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New Loan Makes Owning Solar Affordable
New England Clean Energy has just announced a new “combo loan” that finally makes owning solar panels an affordable proposition. There is a 12-month 0% loan for the amount of the federal tax credit. And then a 12-year 2.99% loan for the balance. Payments don’t start until 30 days after the system is turned on. Continue reading
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Monthly Solar Production – Spring 2013
Spring is my favorite time of year! The flowers are blooming, the birds are singing, the weather’s getting warmer and my electric bill has the biggest monthly credit I’ve ever received. Continue reading
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Monthly Solar Production – Winter 2012-13 and Loss Due to Snow
The winter of 2011-12 was a complete dream for those of us in New England. And what I mean by that is there was very little snow. We had one big storm just before Halloween (many towns actually moved Halloween to the following weekend) and then a small storm in March, but that was it. And even better, it turns out that it was a perfect baseline to measure loss of solar panel production due to snow this year. Continue reading
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More SREC Uncertainty
There was a recent blog post on Renewable Energy World’s website which, while showing some recent upward movement on SREC prices, predicts that long-term pricing will remain below the $285 floor. Continue reading
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Has the Massachusetts Solar Market Peaked?
A reader contacted me recently and asked if the photovoltiac market was growing in MA. The answer seemed obvious. But I wanted to due my due diligence before I answered and was surprised at what I found. Continue reading
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SREC Opt-In to be Reduced to 8 Years
Currently any new solar panel systems produce SRECs for a period of 10 years. However, as of June 20th, that period will be reduced to 8 years. This change was written into the original Commonwealth II solar documentation and was triggered by the current oversupply in the SREC market. The state may step in and prevent this change from going into effect, as it did when it changed the SREC requirement, but that is purely speculation – I have not heard anything one way or another. How much this will affect sales of new solar systems after that date remains to be seen.
More information can be found in SRECTrade’s blog post Massachusetts 10 Year Opt-in Term Deadline.
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Are Solar Shingles Ready for Prime-Time?
Solar shingles have been around for a long time but they’ve only started to gain some significant traction in the marketplace. DOW has come up with some technological advances recently that is causing their popularity to soar. But are they ready for Massachusetts residents? Continue reading
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SREC Last Chance Auction Mechanics
Finally, the mechanics for the Mass DOER’s Last Chance Auction have been made public! Brad Bowery of SRECTrade recently posted the details on his blog and I’ve hit the key points below. Continue reading