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
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
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.
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
Earlier this week, SRECTrade hosted a very informative webinar on the status of the Massachusetts SREC Program and an analysis of the SREC market moving forward.
So the end of November brings with it the end of my first full year with solar panels. And my projections for production and savings were right on target.
The Mass. Department of Energy Resources (DOER) met recently to address the oversupply of SRECs in the market. This is a promising development as it shows that they recognize that something needs to be done to make sure this valuable incentive continues to exist. It also shows that they’re willing to take action Continue reading
And the savings keep pouring in. While I did have the largest electric bill I’ve had since December, I guess I can’t complain because it was only $47. I think this will probably be my biggest bill of the summer as historically my electricity consumption drops off considerably in September, although I’d be perfectly fine if the beautiful weather continues. Continue reading
I’ve got a little treat for you guys this time, with an interview with Brad Bowery, the CEO of SREC Trade, an SREC aggregator. The Massachusetts SREC market is starting to mature, and Brad was kind enough to answer a few questions about its future. So without further ado… Continue reading
The quarterly SREC auction for SRECs generated in Q1 2012 were held on July 15th and, unlike the past few auctions where the price was near the maximum, this time SRECs sold for below the minimum. Continue reading