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SREC II Deadline Dates and SREC Factors

07 Sep 2017
Knollwood Energy

In recognition of the time necessary to fully implement the new Solar Massachusetts Renewable Target (SMART) program and its obligation to have an orderly transition between the SREC II and SMART programs, DOER will grant good cause extension requests for projects that seek one. Under the terms of the extension, SREC II systems that qualify and can demonstrate that they are mechanically complete or operational by March 31, 2018 will receive the following SREC Factors, pursuant to the SREC Factor Guideline   (NOTE: SREC II systems with a capacity equal to or less than 25 kW DC will still receive an SREC Factor of 0.8, provided the facility receives its authorization to interconnect before the effective date of the SMART program).

Knollwood Energy of MA will take care of the extension paperwork.  We will also submit the final documentation to ensure the system meets the appropriate deadlines. 

Be sure to notify us immediately as soon as a project is moving forward.

A message of thanks from the MA DOER:

“On behalf of the Department of Energy Resources (DOER) I wanted to take this opportunity to thank all of those that participated in the process to develop and promulgate the regulation for the Solar Massachusetts Renewable Target (SMART) Program.

To those that participated in DOER’s listening sessions last summer, the written comment period on DOER’s straw proposal, the nearly 40 working group meetings last fall, the final straw proposal presentation last winter, the public hearings and formal written comment period this summer, and all others that participated by providing feedback more informally throughout the entire process, we are sincerely grateful for all of your help and thoughtful input. The program design has substantially improved as a result of your engagement and feedback.

DOER expects that the program as designed will support approximately double the solar capacity currently installed in the Commonwealth at a reduced cost to ratepayers compared to the first 1,600 MW. By the end of the SMART Program, nearly 10% of the Commonwealth’s annual electricity consumption will come from in-state, distributed solar generation.

As we move forward towards implementing the program by selecting a program administrator, conducting the initial competitive procurement, and participating in the adjudicatory proceeding at the Department of Public Utilities, we hope to continue to engage with stakeholders to ensure that the program implementation is successful and it delivers on its potential.”

Judith Judson
Commissioner
Department of Energy Resources

About the Author
Knollwood Energy is focused on the renewable energy markets. Our goal is the expansion of renewable energy across the United States. Our many years of expertise in trading and finance will help all of our clients in either the compliance or voluntary markets.

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