- This event has passed.
Renewable Energy Committee Meeting
February 21, 2012 @ 11:00 am - 12:30 pm
Director of Clean Energy, HMMH
Subject: Brainstorming the Status and Future of Solar Development in Massachusetts
- Hosted by Committee Vice Chair, John Wadsworth, Partner, Brown Rudnick LLP
- Discussion led by Committee member, Matt Shortsleeve, Mercury Solar Systems
Massachusetts’ renewables portfolio standard (RPS) requires each regulated electricity supplier/provider serving retail customers in the state to include in the electricity it sells 15% qualifying renewables by December 31, 2020.
In January 2011, final rules were implemented for the state’s Solar Carve-Out program, which is the portion of Renewable Energy Credits (RECs) that must come from qualified, in-state, interconnected solar facilities. The price of SRECs is determined primarily by market availability, although the Department of Energy Resources (DOER) has created a certain amount of market stability by establishing a state Solar Credit Clearinghouse Auction (where prices are fixed at $300/MWh), as well as the Solar Alternative Compliance Payment (SACP) for the state RPS (set at $550/MWh for 2011).
In its first year, SRECs failed to incentivize solar development, generating only 10% of the required demand and forcing utilities and suppliers to satisfy the SREC carve-out requirement with ACPs costing $11,682,793.
This EBC committee meeting will be a free flowing discussion to review solar development under the SREC Carve-Out in year one and whether or not fundamental concerns remain that will block future solar development in Massachusetts.
Possible issues for discussion include:
- interconnection and net metering challenges,
- real estate tax treatment, and
- permittingissues at the local level.
The plan is that we will educate ourselves on the issues at this renewable energy committee meeting, and then have a follow-up meeting with state level decision makers to discuss how the program might be improved to help meet the Governor