31 Mar '16, 8am

NEW study: #Solar impasse costing #Massachusetts 100s of millions in lost revenue, investment

BOSTON, MASS. and WASHINGTON, D.C. - Inaction on raising net metering caps and reforming the Commonwealth’s Solar Renewable Energy Credit (SREC) program has stopped construction of more than 500 solar projects valued at $617 million, which is costing cities and towns $3.2 million in annual tax revenues, according to analysis conducted by Vote Solar and the Solar Energy Industries Association (SEIA). The solar groups say that without action from the Legislature, Massachusetts can expect the number of stalled or cancelled solar projects – and related financial losses – to increase. The groups showcased the data by legislative district and by community across Massachusetts so legislators can see clearly the cost of inaction in their own backyards. “Solar has become an integral part of the Massachusetts economy and job market,” said Sean Gallagher, vice president of state affa...

Full article: http://www.seia.org/news/study-solar-impasse-costing-mass...

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