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.

Gary

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Commonwealth Solar Rebate Block 11 Opening on July 9, 2012

As promised, Massachusetts has followed up Block 10 for Q2 with Block 11 for Q3 and Block 12 for Q4. Each of those blocks will contained $1.5M of funding for solar rebates. The only significant change I can see between these blocks and previous ones is that the latest block requires use of your 2011 tax return for qualification for the moderate income adder.

Gary

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[Interview] 5 Key Lessons Learned about a Homeowner’s Solar Buying Process

Chris Williams from HeatSpring Magazine was nice enough to have me on for an interview.  His magazine is geared towards solar panel installers and he wanted to get the perspective of a homeowner and their buying process.

Continue reading

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The 7 Hidden Costs of Leasing Solar Panels in Massachusetts

Earlier this month I went to a local meeting of a grassroots environmental group.  One of the people I met there had just got solar panels installed, just like me, and we quickly bonded.  We both have 5 kW systems that supply a little more than half our electricity needs.  And like me, he was very proud of his solar panels and the money he was saving every month off his electricity bill.  But whereas I took out a loan to purchase my system, he leased his and, to put it bluntly, he got ripped off.  Continue reading

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Is Now The Time For Solar Panels?

If you live in Massachusetts, the answer is a resounding yes!

Due to the many incentives at both the state and federal level to purchase solar (photovoltaic) panels, there has never been a better time to go green with solar energy.  Most residential systems can pay for themselves in less than 5 years.   Continue reading

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