Solar Carve Out is the state’s solar-incentive program that provides panel owners with Solar Renewable Energy Credits, or SRECs, based on the amount of energy produced with their solar panels.
Solar Carve Out started in 2001 as a way for the state to grow solar-energy production in Massachusetts. Solar Carve Out I (the original Solar Carve Out program) was going to continue until the total output capacity of all solar panels installed in Massachusetts reached 400 megawatts. The state met that goal in 2013.
Solar Carve Out II is intended to help the state attain the total capacity of 1,600 MW by 2020.
How can you earn money from trading SRECs?
SRECs can be sold in the open market for cash. The state requires electricity suppliers to provide a certain percentage of power they sell in Massachusetts from solar energy, or buy SRECs to make up for the obligation they could not fulfill, thus creating a market for SRECs.
How many SRECs can you get under the new incentive program?
Under Solar Carve Out I, the DOER issued one SREC for every 1,000 kilowatt-hour produced. Under Solar Carve Out II, the number of SRECs panel owners can receive varies depending on what types of systems they have.
For instance, Market Sector A (residential, parking canopy, emergency power generation, community shared solar, or any unit with a capacity of 25 kW or less), receives one SREC per 1,000 kWh; Market Sector B (building- or ground-mounted unit with a capacity of more than 25 kW, with 67 percent or more of the electric output annually used by an on-site load, 0.9 SREC per 1,000 kWh; Market Sector C (landfill or brownfield unit with a capacity of 500 kW or less with 67 percent of the electric output on an annual basis used by an on-site load), 0.8 SREC per 1,000 kWh; Managed Growth (a unit that does not meet the standards of Market Sectors A, B or C), 0.7 SREC per 1,000 kWh.
Solar jobs in Massachusetts
According to the Solar Jobs Census, released recently by The Solar Foundation, Massachusetts ranks fourth in the nation for the number of solar-industry jobs, with 6,400. The number of workers for solar manufacturers and installation companies grew by 42 percent, or 1,900, in 2013, while the state’s total solar capacity doubled to 425 MW during the year.
Article source: http://www.sentinelandenterprise.com/rss/ci_25211641?source=rss