With the August SREC auction coming next Friday, July 29th, SRECTrade will post the first sale for 2011 SRECs in Massachusetts. Last week, the DOER released the most recently updated list of qualified and installed solar projects (excel download) in the state that are eligible for the solar carve-out. This gives us a unique opportunity to look behind the curtains and see what is going on in the SREC market.
Of the 649 projects that are operational, SRECTrade’s aggregation is by far the largest in the state, representing 36% of all facilities that are operational in Massachusetts. In terms of installed capacity, with nearly 3 MW of 19 MW installed as of July 11, the 16% share of capacity is second only to the state’s largest utility, National Grid who has installed 4 projects totaling 3.4 MW which represents 18% of the solar capacity in the market. That said, 16% understates SRECTrade’s presence in the Massachusetts since signing up for SRECTrade’s aggregation service is not a pre-requisite for selling through the platform.
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Largest SREC Aggregations in Massachusetts
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% of
Capacity |
Capacity Rank
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% of
Facilities |
Facility Rank
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National Grid
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17.7%
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#1
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0.6%
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#16
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SRECTrade
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15.8%
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#2
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36.1%
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#1
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Totals: 649 Facilities / 19.0 MW
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Although key features like transparent, competitive market pricing, low fees, no contracts to sign and online access to the SRECs that are not lumped together with other facilities have made SRECTrade an attractive option to solar owners, the success of the platform can ultimately be attributed to the network of installers that recommend it to their customers. According to the DOER’s report, 42 of the 111 installers with facilities in the ground have customers with SRECTrade, including 8 of the top 10 installers by volume.
Top Installers In SRECTrade’s Network as of July 11, 2011 (as published by DOER)
- My Generation Energy, Inc., Brewster, MA
- SunBug Solar, Somerville, MA
- Sunlight Solar Energy, Waltham, MA
- E2 Solar Inc., Hyannis, MA
- Alteris Renewables Inc., Natick, MA
- NorthEast Solar Design Associates, West Hatfield, MA
- South Mountain Company, Inc., West Tisbury, MA
- SolarFlair Energy, Inc., Framingham, MA
The SRECTrade aggregation is not a prerequisite to participate in the SRECTrade market. The platform is open to anyone in the market looking to sell SRECs. The improved fee structure makes SRECTrade a simple and inexpensive option for aggregations with SRECs to sell. The combination of an open platform and guaranteed volume coming from the state’s largest aggregation makes SRECTrade the top destination in Massachusetts for entities with compliance obligations.
