30 Jan '18, 3pm

Massachusetts’ New #Solar Program: SMART or Stupid? -

One other key point with the SMART program that is markedly different from the SREC program is that the power off-taker is the investor-owned utility (IOU), which is a credit-worthy entity, making the project’s finance structure a thing of beauty. This has been a real sticking point for projects in the past, off-taker credit worthiness, and the ability to find non-exhausted resources to align with geographic location, IOU and load zone. Effectively, with SMART, this is now moot. Unless, of course, you have a net metering reservation and have defined off-takers; then, you could get adders for options like community solar and affordable housing. Those named off-takers would then be the counterparty, which will require credit scrutiny by most lenders.

Full article: https://solarindustrymag.com/massachusetts-new-solar-prog...

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