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The Bay State ranks among the top 10 solar states and offers a new SMART incentive program to double the state’s solar capacity. SunPower has a team of experts and local installers in Massachusetts to help your organization take advantage of these incentives before they run out.
Get SMART, before incentives run out
The new SMART (Solar Massachusetts Renewable Target) program is aimed at adding 1,600 megawatts (MW) of solar power, and offers fixed incentives versus the fluctuations of solar renewable energy credits (SRECS). But act now because incentives will fall as more solar capacity is added.
The SMART Timeline: Keep your solar project on track
If you want to secure your organization’s solar installation in Block 1, the time to act is now. SunPower explains the 7 steps to help your organization reach major project milestones in sync with SMART program milestones.
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How much can your organization save with the Commonwealth’s SMART program?
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Getting your solar project financed
The program began accepting applications at noon on November 26, 2018. Projects interconnected after January 1, 2018 are eligible for SMART assuming they have not applied for SREC II. Given typical development timelines, most new solar projects will be eligible for SMART. SMART will be available for new solar projects until the program’s capacity of 1,600 MW is reached. SMART replaces the Commonwealth’s previous SREC-based incentive programs. SREC programs have reached their original planned capacity, although SREC II was extended through the Spring of 2018. Relative to the SREC programs, SMART offers more predictable, consistent income. The SMART program is separate from net metering credits, and incentive income will be delivered separately from the system owner’s utility bill. You do not have to be the owner of the system to benefit from this program. Organizations that choose to finance their system with options like solar PPAs or leases can still benefit through expected rate reductions passed on from the actual system owner. When the program becomes operational, solar projects must submit an application to a state “Solar Program Administrator” who will approve participants and manage block reservations. The Administrator will also determine total incentive amounts and issue monthly payments. An energy consultant or solar provider can help guide you through this. In order to qualify for a SMART block, projects must submit an executed Interconnection Services Agreement, proof of site control, and all special project permits to the Solar Program Administrator.When will the SMART program begin?
How long will the SMART program last?
What happens to existing Massachusetts state incentive programs?
Does SMART replace net metering?
Do I have to own the system?
How can my organization participate?