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SunWind, LLC. provides turnkey installations of Solar Power and Solar Thermal Systems.
Our proven design methods allow us to maximize the solar potential of any site.
We will conduct a thorough energy assessment, site evaluation, and economic analysis of each project
and provide a written report to the client with our proposal.
MA SREC Program
Performance-Based Incentive:
The Massachusetts Department of Energy Resources (DOER) approved an SREC market which began in January 2010.
The state has implemented a solar carve out that establishes a requirement for solar in Massachusetts.
In addition to that, the state has implemented the MA Solar Credit Clearinghouse as a last resort,
fixed-price auction in the last quarter of each year with a fixed price of $300 per SREC less a 5% fee
resulting in a floor price of $285. This establishes a floor price for Massachusetts SRECs and gives
project financers a minimum value they can expect per SREC,
though prices could rise as high as $600 depending on market conditions.
Solar Renewable Energy Certificates (SRECs) represent the renewable attributes of solar generation,
bundled in minimum denominations of one megawatt-hour (MWh) of production. Massachusetts'
Solar Carve-Out provides a means for SRECs to be created and verified, and allows electric
suppliers to buy these certificates in order to meet their solar RPS requirements.
All electric suppliers must use SRECs to demonstrate compliance with the RPS.
The price of SRECs is determined primarily by market availability,
although the DOER has created a certain amount of market stability by establishing a state Solar Credit
Clearinghouse Auction (where prices are fixed at $300/MWh),
as well as the Solar Alternative Compliance Payment (SACP) for the state RPS (set at $550/MWh for 2011).
The Solar Credit Clearinghouse will only be utilized if or when SREC generators cannot sell their SRECs
on the open market; the fixed price of $300/MWh effectively acts as price floor.
The SACP, on the other hand acts, acts as a ceiling on the value of SRECs because it is the
per-MWh payment that electricity suppliers must make if they fail to obtain enough SRECs to cover their RPS obligation.
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