Solar Growth in Massachusetts: Understanding the SREC II Program
Wednesday, April 16, 2014:
1:00 - 2:30 pm Eastern US Time
Massachusetts installed 237 megawatts of solar PV in 2013, doubling its cumulative capacity. From a national perspective, that puts Massachusetts behind only California, Arizona, and North Carolina. Half of all installations in Massachusetts occurred in the fourth quarter of 2013, led by the non-residential (i.e., commercial) sector with 95 megawatts installed. In fact, Massachusetts installed more non-residential solar last quarter than did any other state in the U.S., driven in large part by the SREC I interconnection deadline of December 31, 2013.
On February 13, 2014, the Massachusetts Department of Energy Resources (DOER) announced that it formally submitted draft regulations for the second phase of its solar renewable energy certificate program, known as “SREC II”. The aim of the SREC II program is to implement the Commonwealth’s goal to install a total of 1.6 GW of solar in the state by the year 2020. As DOER previously intimated, the proposed SREC II regulations are designed to foster development of certain preferred market segments. To do this, the proposed regulations create an “SREC Factor” that acts as a deflator and reduces the number of SRECs created from a MWh of generation. Preferred projects will receive an SREC Factor of 1.0 (i.e., each MWh produced will be counted toward SREC creation) and other projects, such as those in the Managed Growth Sector, will receive an SREC Factor of 0.7 (i.e., the MWh produced will be deflated by 30%).
SRECs often play a critical role in financing solar energy projects and, as a result, solar energy system owners, developers and investors must have a clear understanding of the details of SREC programs in various states. Given the recent growth and the future potential of solar development in Massachusetts, it is more important than ever to understand how these instruments work, particularly in light of the fact that other states may seek to emulate the SREC programs in Massachusetts.
Topics to be covered during this webinar:
- Solar energy development trends
- Current status of the SREC I program
- SREC II’s key design features
- Economic incentives created by SREC II
Bill D. DuFour III, Attorney, FOLEY & LARDNER LLP
Michael Judge, RPS Solar Carve-Out Program Coordinator,
MASSACHUSETTS DEPARTMENT OF ENERGY RESOURCES (DOER)
Joe Harrison, Senior Project Developer, Borrego Solar Systems, Inc.
Andrew Kolchins, President/Managing Director,Titan Energy Markets
How It Works
Single Connection: $245.00
Additional Connection at the same Organization: $150.00
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If for any reason a relevant stakeholder cannot co-locate for the session, we encourage you to include that person by purchasing an additional connection at the reduced fee of $150 per session. This will ensure that every member of a team receives the same relevant, timely information in the most efficient way. If you have any technical or purchasing questions, please contact us at (818) 888-4444.
CANCELLATION, REFUNDS & CREDITS
Should you be unable to attend, a refund, less a $50 administrative charge, will be made for cancellations received via letter or fax at least 3 working days before the event. We regret cancellations will not be accepted after that date. However, we will be pleased to transfer your registration to another member of your company or credit the registration fee to another Infocast conference if you register within 6 months from the date of this conference. In the event the conference is canceled, Infocast’s liability is limited to the refund of the conference registration fee only.