Massachusetts SREC Market Update

Karbone Market Research Briefs

On August 2nd, the Massachusetts Department of Energy Resources (DOER) released a proposal outlining a process to establish a 10Lyear forward schedule for the state’s Solar Alternative Compliance Payment (ACP) Rate.  The move was prompted by persistent calls for increased regulatory clarity from multiple stakeholders in the MA solar market.    In its statement, the DOER acknowledged that the current structure in place injected a significant degree of uncertainty into the market, effectively discouraging load serving entities from negotiating the long-term SREC contracts typically needed to finance new solar builds.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts Department of Energy Resources (DOER) adjusted downward the Solar Alternative Compliance Payment (SACP) by 8.3%, from $600 to $550 for 2011 related compliance. This reduction appears, at least in part, to have resulted from declining PV module prices. The DOER stated that installed project costs have decreased 5 to 10% since the program inception.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts Department of Energy Resources (DOER) adjusted downward the Solar Alternative Compliance Payment (SACP) by 8.3%, from $600 to $550 for 2011 related compliance. This reduction appears, at least in part, to have resulted from declining PV module prices. The DOER stated that installed project costs have decreased 5 to 10% since the program inception.

Massachussets SREC Market Update

Karbone Market Research Briefs

The Massachusetts Department of Energy Resources (DOER) adjusted downward the Solar Alternative Compliance Payment (SACP) by 8.3%, from $600 to $550 for 2011 related compliance. This reduction appears, at least in part, to have resulted from declining PV module prices. The DOER stated that installed project costs have decreased 5 to 10% since the program inception.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts Department of Energy Resources (DOER) adjusted downward the Solar Alternative Compliance payment (SACP) by 8.3% from $600 to $550 for 2011 related compliance. This reduction appears, at least in part, to have resulted from declining PV module prices. The DOER stated that installed project costs have decreased 5 to 10% since the program inception. 

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30MW (an estimated 34,164 MWh or SRECs), known as the 2010 Minimum Standard.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30MW (an estimated 34,164 MWh or SRECs), known as the 2010 Minimum Standard.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30 MW (an estimated 34,164 MWh or SRECs), known as the 2010 Minimum Standard.

Massachusetts SREC Market Update

Karbone Market Research Briefs

As of 8 September 2010, the DOER has qualified 8.1 MW of SREC projects. Excluding those with pre‐ 2010 contracts, we estimate the remaining market for 2010 is 9,500 to 13,300 SRECs. The 2011 Minimum Standard is raised to 78,577 SRECs following the TransCanada settlement, making the market potential for 2011 approximately 63,000 SRECs.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30MW (34,164 MWh or SRECs), known as the 2010 Minimum Standard.