SRECS in MA are currently pretty high. $250 is on the low end. Over $400, if you time the sale right, is not unheard of. Depends on how to sell them. Through auto quarterly systems, you supposedly average around $250- $300. If you go to auction, maybe get more.
While our SRECs might be higher, we get killed on install costs compared to other states. $4 plus per watt for LG or Solarworld is average. You really need to dig for the sub $4 price.
As for the OP, electric rates in MA are much higher than the a lot of the country. We just got hit with huge increase around 9 months ago where the average person is paying around 20 to 27 cents per KWH through National grid and Eversource. The price increase supposedly is related to the utility companies reliance on natural gas and how much they have to pay. Being at the bottom of the delivery hierarchy for natural gas, the utilities have to pay a lot more than residential communities do. That price includes both supply and delivery of electric. I am paying .13999 cents per kwh for supply and another 10 for delivery. We also get charged additional amounts that cover energy efficiency programs (called Mass Saves) and a charge for the solar net metering costs the utilities have to absorb (it's why they hate net metering) NG rates for supply are actually higher (I chose my own supplier through a green company). It's insane here.
The cap on net metering is one of the most confusing things in MA. Yes, there is a cap. But yes, you MAY be able to get approval for net metering to be in effect with bigger systems. The utilities don't want people being net sellers so a review has to happen before they will hook your system up. What I am hearing right now is that a lot of people are not getting approved for net metering if they go much higher than 10k. The system I am installing is about 10.2K and my installer says that won't be an issue. Much higher than that and you have to wait to be reviewed before anything gets hooked up. But it really is taking a chance if you go bigger. Giving up net metering....ugh....in MA, you will get screwed on the price!
While our SRECs might be higher, we get killed on install costs compared to other states. $4 plus per watt for LG or Solarworld is average. You really need to dig for the sub $4 price.
As for the OP, electric rates in MA are much higher than the a lot of the country. We just got hit with huge increase around 9 months ago where the average person is paying around 20 to 27 cents per KWH through National grid and Eversource. The price increase supposedly is related to the utility companies reliance on natural gas and how much they have to pay. Being at the bottom of the delivery hierarchy for natural gas, the utilities have to pay a lot more than residential communities do. That price includes both supply and delivery of electric. I am paying .13999 cents per kwh for supply and another 10 for delivery. We also get charged additional amounts that cover energy efficiency programs (called Mass Saves) and a charge for the solar net metering costs the utilities have to absorb (it's why they hate net metering) NG rates for supply are actually higher (I chose my own supplier through a green company). It's insane here.
The cap on net metering is one of the most confusing things in MA. Yes, there is a cap. But yes, you MAY be able to get approval for net metering to be in effect with bigger systems. The utilities don't want people being net sellers so a review has to happen before they will hook your system up. What I am hearing right now is that a lot of people are not getting approved for net metering if they go much higher than 10k. The system I am installing is about 10.2K and my installer says that won't be an issue. Much higher than that and you have to wait to be reviewed before anything gets hooked up. But it really is taking a chance if you go bigger. Giving up net metering....ugh....in MA, you will get screwed on the price!
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