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.
- 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.
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