Open to SEIA Members and Non-Members
Originally recorded April 23, 2014 at 1 PM EST
The Massachusetts solar renewable energy credit (SREC) program has been critical for driving the massive solar growth in the state, which now ranks fourth in terms of installed capacity according to SEIA and Greentech Media’s most recent Solar Market Insight report. However, regulatory uncertainty has loomed since the Massachusetts Department of Energy Resources (DOER) announced last spring that the first iteration of the solar carve-out, now known as SREC I, had reached its cap. Since then, the industry has had their eyes on the development of SREC II, the Bay State’s next solar carve-out program. As SREC II nears promulgation, join SEIA, Sol Systems, and the Massachusetts DOER as they discuss the fate of SREC I participants, regulatory framework for the Massachusetts SREC II program, as well as how to price PPA rates, SREC contracts, and project economics in light of this substantial regulatory change.
Attendees will deepen their understanding of:
- SREC II’s regulatory framework and how it differs from SREC I, particularly in regards to the new SREC factor and Clearinghouse auction
- The fate of Massachusetts SREC I subscribers, including those who have not yet been accepted into the program
- Supply and demand dynamics in the MA SREC I & SREC II programs
- Spot market prices and the availability of fixed price contracts, including advisable SREC strategies for both residential and commercial systems
- How to finance commercial projects in Massachusetts, including advisable PPA rates and the availability of SREC strips
Jason Cimpl, SREC Portfolio Manager, Sol Systems
Mike Judge, RPS Program Manager, Massachusetts DOER
Michael Judge is the Associate Manager of the Massachusetts Renewable Portfolio Standard (RPS) Programs and has specifically managed the state’s RPS Solar Carve-Out Program since it was launched in early 2010. In this role he carries out most of the day to day administrative duties related to the RPS programs, fields questions related to the programs, provides market participants with up to date information, and assists in the drafting of program regulations, guidelines, reports, and other related studies. Prior to his time at DOER, he worked at the Massachusetts Clean Energy Center on the implementation and administration of their solar rebate programs. He is a graduate of UMass Amherst and a lifelong Massachusetts resident.
Carrie Cullen Hitt, Senior Vice President of State Affairs, SEIA Moderator