Application Deadlines for SREC II Qualification
As the important SREC II deadline of January 8, 2017 approaches, DOER recommends that applicants review the applicable deadlines for systems to obtain or retain SREC II Qualification. For further reference on the necessary documentation to obtain an extension, please review the Extension Guideline .
Systems > 25kW
Interconnected by January 8, 2017
All systems interconnected on or before January 8, 2017, will be qualified at their original SREC Factor so long as an application is submitted by the effective date of the next incentive program.
Mechanically Complete by January 8, 2017
Systems seeking this extension must submit their Statement of Qualification Application by January 8, 2017.
SREC II Systems that are mechanically complete by January 8, 2017 and are seeking an indefinite extension pending the issuance of the authorization to interconnect by the local utility company, subject to 225 CMR 14.05(9)(s)4.b. must provide one of the following documents to DOER by January 9, 2017:
Copy of the certificate of completion signed by the local wiring inspector
Proof the a wiring inspection has been scheduled
Affidavit signed by the engineer of record stating that the project is “mechanically complete”
Other documentation deemed satisfactory by DOER
Systems that qualify under this extension will receive the original program SREC Factor to which the facility is entitled, pursuant to DOER’s SREC Factor Guideline .
- 50% of Construction Costs Spent by January 8, 2017
- Systems seeking this extension must submit their Statement of Qualification Application by January 8, 2017.
- SREC II Systems that have spent 50% of their construction costs by January 8, 2017 and are seeking a 4 month extension subject to 225 CMR 14.05(9)(s)4.a. must provide the following documentation to DOER by January 23, 2017:
- Systems that qualify under this extension will receive the applicable reduced SREC Factor, pursuant to DOER’s SREC Factor Guideline .
Systems <= 25kW
- Interconnected on or before January 8, 2017
- Small SREC II systems that demonstrate they have been interconnected on or before January 8, 2017 will continue to be approved at an SREC Factor of 1.0 until the next solar incentive program begins.
- Interconnected after January 8, 2017
- Small SREC II systems that demonstrate they have been interconnected after January 8, 2017 will continue to be approved at an SREC Factor of 0.8. until the next solar incentive program begins.
2017 Managed Growth Capacity Block
The 2017 Managed Growth Capacity Block has been set at zero megawatts. DOER has released the following analysis relating to its calculation of the 2017 Managed Growth Capacity Block.
DOER has granted Statements of Qualification to the following Generation Units: Solar Carve-Out II Qualified Units file size 7MB
Managed Growth Capacity Block Allocations
The following is a list of projects that have received an Assurance of Qualification and have been allocated a position under the 2014 or 2015 Managed Growth Annual Capacity Blocks. Projects on the Waiting List are also listed.
Minimum Standard for Compliance Year 2017
DOER has calculated the Compliance Obligation and Minimum Standard for 2017, which are 1,374,406 MWh and 2.8628%, respectively. The details of how this preliminary Minimum Standard was calculated can be found in the following Guideline:
Pursuant to 225 CMR 14.07(3)(a)1, all Retail Electricity Suppliers are exempt from incremental obligations resulting from the provisions contained in the RPS Class I Emergency Regulation filed on April 8, 2016, which expanded the Solar Carve-out II (SREC II) Program Capacity Cap. As such, it is necessary for DOER to establish a baseline Compliance Obligation and Minimum Standard for load under contracts signed on or before May 7, 2016, that would have applied had the Emergency Regulation not been filed.
To determine this baseline Minimum Standard, DOER first determined the amount of capacity that it expects would have been in operation had the SREC II Program Capacity Cap not been expanded. This amount is estimated to be the equivalent of approximately 825 MW.
Having determined this value, DOER analyzed the percentage shares of MW currently qualified under each of the four SREC II Market Sectors, and multiplied each of these percentages by 825 MW. Next, DOER multiplied these totals by the corresponding SREC Factors, a 13.51% expected capacity factor, and 8,760 hrs/year and determined the expected MWh/year for 2017 that would have resulted had the SREC II Program Capacity Cap not been expanded. Lastly, DOER added the auction volume and banked SREC II volume from the 2015 Compliance Filings. This yielded a total baseline Compliance Obligation of 969,635 MWh and a Minimum Standard of 2.0197%:
|Market Sector||% Share of Qualified Capacity||MW at Original SREC II Cap||SREC Factor||Capacity Factor||Hrs/Year||Expected MWh|
|Market Sector A||54.58%||450||1.0||13.51%||8,760||532,865|
|Market Sector B||20.20%||167||0.9||13.51%||8,760||177,533|
|Market Sector C||17.22%||142||0.8||13.51%||8,760||134,507|
Prior Minimum Standard Calculations
Calculation of Solar PV Capacity Factor
As required by regulation, DOER has completed its analysis of the average solar PV capacity factor for projects participating in the Solar Carve-Out. Using six years of production data from January 2010 through December 2015, DOER determined that the average capacity factor of systems operating during this period was 13.51%. This new capacity factor was used to help project the number of SRECs that will be generated in 2017 as part of the DOER’s Determination of CY2017 Total Compliance Obligation. The details of how this calculation was made can be found in the Determination of Average Solar PV Capacity Factor file size 5MB
Each Retail Electricity Supplier, both regulated utilities and competitive suppliers, must demonstrate to DOER in an Annual Compliance Filing that it complied with the RPS Minimum Standard for the prior calendar year (Compliance Year). The Minimum Standard for the Class I Solar Carve-Out II is the percentage of a Supplier's total retail load obligation that must be met by the ownership of Solar Carve-Out II Renewable Energy Certificates (SREC IIs) issued by the NEPOOL GIS, with each SREC II signifying one MWh of electrical energy from a Generation Unit that has been qualified by DOER under the Solar Carve-Out II Program.
The Solar Carve-Out II Minimum Standard is part of, not in addition to, the RPS Class I Minimum Standard. The Minimum Standard for the RPS Class I Solar Carve-Out II of each year is calculated and announced in accordance with the provisions of the RPS Class I Regulation in 225 CMR 14.07(2).
Calculation of the RPS Class I Solar Carve-Out II Minimum Standard
2 years prior
Total Retail Load Obligation
Solar Carve-Out II Minimum Standard
Alternative Compliance Payment Rates
Retail Electricity Suppliers with annual Compliance Obligations must pay Alternative Compliance Payments (ACPs) for every MWh they are short of meeting their annual obligation. The schedule below details the ACP Rate in effect under the Solar Carve-Out II Program for every Compliance Year through 2025.
Forward Solar Carve-Out II ACP Rate Schedule
ACP Rate per MWh
2027 and after
added no later than January 31, 2017
Solar Credit Clearinghouse Auction Account II Pricing Schedule
The Solar Credit Clearinghouse Auction Account II has a fixed price. Bids are for the volume of Re-minted Auction Account II Attributes that bidders are willing to buy for this fixed price. The schedule for future auction prices is as follows:
Forward Solar Carve-Out II Auction Price Schedule
Auction Bid Price
Minus 5% Auction Fee
2027 and after
added no later than January 31, 2017