DOER Commissioner Mark Sylvia has announced the outlines of the new SREC II program. One key aspect is reduced incentive value over time. The auction price will decline from the current $285 per megawatt to $189 over ten years.
The amount of energy needed to be produced in order to “mint” on SREC will be increased, although small residential or commercial projects less than 25 kW are not affected by this change.
Financing support for homeowners is anticipated, but this program will probably not be in place for Solarize Wellfleet.