URGENT NEWS: The End of SREC’s

If you haven’t heard already, the Massachusetts Department of Energy and Resources (DOER)  has officially announced the end of the ever so popular Solar Renewable Energy Certificate (SREC) Program.  Yes, what a shame!

The MA SREC program has been touted for years as one of the best, if not the best solar incentive program in the country.  Basically, when you install a solar system on your home, business or nonprofit, you get paid for the production of your solar power plant.  Yes, PAID.

How SRECs Work: For every 1,000 kWh produced, you get 1 SREC. An average single family home producing 8,000 kWh a year of solar power, would get 8 SRECs, which is equal to over $1,500 a year. Best of all, the DOER gives you 10 years of SREC’s. So $1,500 a year is really equal to $15,000 over 10 years.

 
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