Following is a statement by Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on today’s override by the Maryland Legislature of the veto of the Clean Energy Jobs Act
On pace for its best year ever, Maryland had a record-breaking 174 percent increase in new solar capacity in the first quarter of this year compared to the same time period a year ago, according to the recently released U.S. Solar Market Insight Report compiled by GTM Research and the Solar Energy Industries Association (SEIA).
Led by a booming residential market, Maryland more than doubled its amount of installed solar capacity in 2014, according to the recently-released U.S. Solar Market Insight 2014 Year in Review. In addition, Maryland also had nearly half, 48 percent, of its new electrical capacity last year come from solar energy.
SRECs have been critical to driving solar development on the East Coast. However, as market conditions become increasingly complex, what is the best strategy for financing projects in these SREC markets?
Today, Maryland Governor Martin O'Malley signed into law the Renewable Energy Portfolio Standard for Solar Energy and Solar Water Heating Systems bill (Senate Bill 791 and House Bill 1187), which accelerates the target date for achieving the state's renewable portfolio standard two-percent solar carve-out by two years and ensures the industry maintains positive, year over year job growth.
The Solar Energy Industries Association (SEIA(R)) and the Maryland, DC and Virginia SEIA (MDV-SEIA) today announced a formalized partnership to coordinate the resources of both organizations and promote the growth of the region’s solar energy market.