Massachusetts: The Next Hot Solar Market?

Following in the footsteps of states like New Jersey, Pennsylvania, and Maryland, Massachusetts is about to implement a Renewable Portfolio Standard (RPS) solar requirement. Like other solar RPS states, Massachusetts will spark solar demand by creating a market for Solar Renewable Energy Credits (SRECs), each of which represents one megawatt-hour of solar electricity generation. And like other solar RPS states, Massachusetts will set a requirement that utilities source a certain amount of their electricity portfolios from solar power, either through ownership of solar generation or the purchase of SRECs from privately owned projects.