16 Jun '14, 3pm

Massachusetts Solar Industry, Utilities and Regulators Reach a Deal on Solar Policy

Massachusetts Solar Industry, Utilities and Regulators Reach a Deal on Solar Policy

Compromise legislation pertaining to solar policy in Massachusetts has been devised, and it could serve as a template for reforms in other battleground states. Two important solar policies will change significantly if lawmakers approve the proposal. Net energy metering (NEM) , which provides a retail-rate bill credit to solar owners for electricity their systems send to the grid, will remain in place unaltered, but the cap will be eliminated and ratepayers will have a “minimum bill” instead of the present “monthly charge.” Solar renewable energy credits (SRECs) , which create revenue for solar owners when purchased by utilities to meet state-mandated renewables obligations, will be replaced by a tiered, performance-based incentive system after a six-month period of transition during which both will be available. The compromise was driven by politics and the marketplace, ac...

Full article: http://www.greentechmedia.com/articles/read/Massachusetts...

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