Mass. Solar Market in State of Emergency

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

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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.

Gary

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