Massachusetts to extend its Solar Renewable Energy Credit program
The Massachusetts Department of Energy Resources (DOER) announced today plans to extend the Commonwealth’s successful Solar Renewable Energy Credit (SREC 2) program further into 2017 along with a new proposal for a long-term replacement of the program.
Since its inception, the SREC 2 program has led Massachusetts to more than 1,600 megawatts of solar development and supported thousands of local jobs, economic investments and a healthier environment for Bay State families and businesses. Solar associations, businesses, non-profits and supporters celebrated the move to address the gap between the SREC 2 program and its successor and are looking forward to further work to review the details and inform the final rules.
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“Today, the Baker Administration built a much-needed bridge between the end of the current solar incentive program and the beginning of the new one,” said Sean Gallagher, Vice President of State Affairs at the Solar Energy Industries Association (SEIA). “This action will allow new solar projects to move forward, creating jobs, valuable investment dollars, and a well-deserved reputation for Massachusetts as one of America’s top solar states. SEIA is looking forward to working with state leaders to finalize the details of both the extension plan and the new incentive program.”
“Solar is delivering economic and environmental benefits to Massachusetts, with tens of thousands of solar jobs, millions of dollars in energy savings and significant reductions in our air and water pollution,” said Nathan Phelps, Program Manager of Distributed Generation Regulatory Policy at Vote Solar. “The Commonwealth is on the path to a bright solar future, and we applaud the Baker Administration for seeking to continue Massachusetts’ leadership with this extension.”
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