Mass solar loan program available to massachusetts residents the massachusetts department of energy resources doer and the massachusetts clean energy center masscec have launched the mass solar loan program for massachusetts residents interested in directly owning their solar electric projects.
Massachusetts solar program.
Property owners interconnecting their solar panel systems after this date are not eligible for the old srec program.
Following this the state of massachusetts began developing the new solar incentive program and planning for the transition away from srecs.
The program was designed to replace the state s solar renewable energy credit srec program.
Originally the goal of massachusetts smart program was to support the installation of 1 600 megawatts mw of solar in the state.
Through the program your utility pays you a flat base rate per kilowatt hour of solar electricity your system produces for 10 years.
Massachusetts has a new incentive program called solar massachusetts renewable target smart.
Solar massachusetts renewable target smart one of massachusetts most exciting solar developments is the smart program.
Solar massachusetts renewable target smart program in 2018 massachusetts replaced the state s solar renewable energy credit rec program with the smart program.
In april 2020 the program was doubled to support the installation of 3 200 mw of solar.
With this incentive the state of massachusetts pays eversource national grid and until customers a fixed rate per kilowatt hour kwh of solar energy produced for 10 years.
The smart program officially started on november 26th 2018.
However the experts agree that massachusetts is an excellent location for solar systems.