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January 8, 2017 and MA SRECs
NOTE: If you are already in either SREC 1 or SREC 2 program, you are in that program, and the following does not apply:
Are you wondering about what happens before and after 1/8/2017 with the Massachusetts Solar Renewable Energy Credit II program and before the start of Incentive 3? We hope the following will help to clarify the changes for you:
Any system equal to or less than 25kw DC:
- If the system interconnects ON or BEFORE 1/8/2017 – you are eligible into the current SREC 2 program. Let us know as soon as you receive the permission to interconnect from the utility.
- If the system interconnects AFTER 1/8/2017 but before the start of the new program, you are eligible into the SREC 2 program at the modified SREC factor. The best way to understand this: the SREC 2 price remains the same for all systems regardless if you are in the original SREC 2 program or the modified program. The number of SRECs you get is reduced; i.e. a residential system that generates 10,000 KWHs per year will only get 8 SRECs per year.
Any system greater than 25kw DC:
- These systems MUST be interconnected by 1/8/2017. If they are not, a system must receive a Statement of Qualification and an extension. Extensions will be provided if a project can demonstrate that the project has expended at least 50% of its total construction costs by January 8, 2017. Systems which do not satisfy this will be eligible for Incentive 3. At the end of October, we will send a communication to our installer partners with the extension form. Projects that receive an extension will be eligible for SREC 2 with modified market factors.
Modified Market Factors:
Market Sector A – .8
Market Sector B – .7
Market Sector C – .6
Incentive 3:
DOER will be announcing the next incentive program on September 23, 2016. We expect that it will start during the Summer of 2017 and it will be retroactive to 1/1/2017 for those that don’t qualify into SREC 2.
Alane Lakritz, President
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