Tag Archives: explained
Explained: Federal Grants for Commercial Solar
Through the landmark tax legislation that passed at the end of 2010, thefederal government was able to extend the Section 1603 Treasury Grantprogram for renewable energy commercial projects, including solar photovoltaic, through December 31, 2011. Section 1603 establishes that businesseseligible for the federal business energy investment tax credit (ITC) may take a cash grant instead [...]
Massachusetts SRECs Explained – Part I
Massachusetts joins other stateslike New Jersey , Pennsylvania, and Maryland in creating an SREC marketin 2010. However, what sets the Massachusetts SREC system apart is that it is a market driven system that allows flexibility to react to market conditions. In addition, most of the other states have an SREC system that is based [...]
SRECs Explained
Even among the solar-savvy, many people do not know what Solar Renewable Energy Credits (SRECs) are or what potentialbenefits they represent. As we’ve mentioned before, SRECs (or often simply RECs) allow generators of renewableenergy to sell credits to businesses like utilities who need them tocomply with government regulations. These credits accrue automaticallyto solar panel owners [...]