Solar Renewable Energy Credits (And Why Washington D.C. has the Best SREC Market in the Country)

What is an SREC?

Essentially, an SREC represents the environmental/green value derived from 1 megawatt-hour (1,000 kilowatt hours) of solar energy generation.  SRECs are tradeable environmental credits distinct from the physical electricity produced by solar systems and can be an additional revenue stream for solar projects.

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Posted in: Incentive, SREC Market, Solar, Washington DC | Leave a reply

Massachusetts Works Towards New Solar Incentive Program

On September 23, 2016, the Massachusetts Department of Energy Resources (DOER) presented its straw proposal for the solar incentive program to succeed SREC II.  With the new program, the DOER aims to continue sustainable development of solar resources in the Commonwealth at a low cost to ratepayers pursuant to Chapter 75 of the Acts of 2016 (signed into law by Governor Baker this past April).

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Posted in: Incentive, Legislation, Massachusetts, Solar | Leave a reply

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