Archive for the ‘Massachusetts’ Category

SRECTrade Continues Partnership With 365 Pronto For SolarEdge Modem Replacements

Posted December 20th, 2021 by SRECTrade.

Next year, telecommunications providers will phase out their support of more than 22 million 3G communications devices—including critical equipment your solar system uses to measure, record, and communicate production data such as the CDMA/GSM modem within certain SolarEdge inverter models.

As a result of this phaseout, these modems will fall out of compliance for the minting of SRECs and receipt of quarterly payments to solar system owners.

To prevent this sunset from impacting you, SRECTrade has partnered with 365 Pronto to remove and dispose of old 3G modems and replace them with new 4G/5G modems that follow the regulations and network communications needed for verified SREC payments to system owners.

While there is no fine or penalty for not having this equipment swapped out, system owners who choose not to upgrade will soon stop receiving quarterly SREC payments, negatively impacting the expected return on investment from their solar installation(s).

Pricing, Payment, and Rollout
System owners are responsible for the cost of this replacement equipment and related labor. SRECTrade is committed to helping our customers keep costs low, so we have negotiated preferred pricing with 365 Pronto, our technology and logistics partner. This pricing is conditional on the system owner registering for the replacement in a timely manner when the rollout has reached their geographical region.

The rollout is being conducted in phases and is currently underway in Massachusetts, with a registration deadline of Saturday, January 8, 2022.

If you delay the registration—or do so outside the period within your region—we cannot guarantee the agreed-upon preferred price.

Massachusetts SREC Market
Current SREC market prices are around $300/MWh/SREC. For the average system size of 7 kW, this represents a potential loss of $2,100 per year in SREC credit payments for Massachusetts residents. For systems larger than the average, the loss is even greater.

Next Steps
If you are a Massachusetts resident receiving quarterly SREC payments, the process begins by visiting the replacement program entry page to initiate your modem replacement:

Replace Your Modem – Sign Up with 365 Pronto

From there you’ll complete a simple, step-by-step, online interface to register your system.

Completing the application to register your system takes less than 10 minutes. You will be asked to:

  1. Verify the accuracy of our records about your system and site location
  2. Make an initial payment for the work to commence
  3. Provide the best contact information for a local provider to contact you and schedule the work

We estimate that your modem will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your equipment in stock, they will reach out to you to schedule the installation. In many cases, the homeowner does not have to be present during the installation.

Frequently Asked Questions

  1. What is a CDMA/GSM modem?
    • For cellular-based monitoring to function, solar inverters contain a modem operating on Global Systems for Mobile (GSM) or CDMA, a radio network used by wireless carriers. These networks are more commonly referred to as 2G and 3G and were widely used in the early years of cellular communication technology, with CDMA being the predominant network in the U.S.
  2. Why is this replacement necessary?
    • Wireless communications protocols become obsolete over time, and the wireless carriers (Verizon, AT&T, etc.) are phasing out old networks (2G/3G) in favor of faster, upgraded networks. Many solar systems installed more than three years ago likely have equipment designed for the network technology of the time (2G/3G).
  3. What is 365 Pronto?
    • 365 Pronto is our technology and logistics partner. It is a technology platform company matching asset owners (you) with an on-demand qualified workforce (local service providers) through automated DNA match technology. Because of its unique model, it can service the entirety of SRECTrade’s systems under trading.
  4. How much will a new modem cost?
    • Through our partnership, we were able to negotiate a special lower-than-market price just for Massachusetts SREC Trade customers. This price includes all parts and installation, plus a five-year data plan.  You should act now, because next month, 365 Pronto providers will be conducting work in your area. If you reserve your modem replacement slot by Saturday, January 8, 2022 , you can secure a 20% in-market price discount on your equipment and installation.
  5. Can I use my original installer?
    • Yes, you may contact your installer to ask about having this work performed. However, providers who are not part of the 365 Pronto network may not be able to guarantee the same price. This is why it is important to book your modem replacement with 365 Pronto before Saturday, January 8, 2022, and reserve your discounted price.
  6. When will my new modem be installed?
    • Due to supply limitations, we expect that your modem will be installed between February and March 2022. Once your 365 Pronto service provider has your equipment in stock, they will reach out to you to schedule the installation. At that time, 365 Pronto will process your payment for the installation. In some cases, the homeowner does not have to be present during the installation. However, if the unit is located in the garage it may be necessary for you to be present during the installation.
  7. Will the modem be sent to my home?
    • Yes, the modems will be sent directly to your home. When the modem has shipped, you’ll receive a USPS tracking number per email so you’ll know it’s location at any given moment and when it will arrive.
  8. Do I need to do anything once the new modem is installed?
    • No. Once your new modem is installed, it will begin to communicate your solar output with SRECTrade as normal. If you have questions about your account, please email ma.renewables@srectrade.com.
  9. How do I know my modem is working?
    • We understand that there is a delay between when your output is recorded and when your SRECs are minted. We will provide email confirmation to let you know that the system is working. If you have questions about your account, please email ma.renewables@srectrade.com.
  10. What is the modem type and manufacturer that is being used for the replacement(s)? Is it up to the installer? Does the old modem in any way dictate which new modem will be installed?
    • SolarEdge CELL-A-R05-US-S-S2 or SolarEdge CELL-B-R05-US-S-S2 is the dedicated replacement for the modem.
  11. Do the new modems being installed have internet/ethernet connection capabilities?
    • Both replacement parts are cellular-only, and do not support an internet/ethernet connection.
  12. Who should 365 Pronto clients contact if they want to cancel their work order? Is this possible in the first place?
    • If, on the rare occasion, a customer wishes to cancel an order, they should submit the request to support@365pronto.com.
  13. Is the 365 Pronto Wizard secure?
    • The security of the 365 Pronto platform and website is paramount, and we treat customer information with the utmost care. While we have not received any official reports of notifications related to the security of our site, anyone with questions should reach out to support@365pronto.com.
  14. Is there a 365 Pronto customer service phone number that clients can call for assistance with registering? Related, how can clients sign up if they do not have a computer?
    • Currently, we offer chat support via the website and email support. Although we can help a customer with the process, they do need to access our platform to purchase their modem. They can log into the sign-up wizard from any browser on a phone, laptop, or device of their choice.
  15. Will my modem stop working after January 8th and interrupt my SRECs?
    • Your modem will continue to monitor your output; however, it will no longer communicate directly with SRECTrade after the 3G sunset, which is scheduled to happen as early as February 2022. If you have specific questions about your SREC account, please contact ma.renewables@SRECTrade.com.

*Disclaimer: Price is subject to i) sales tax on equipment and ii) change, based on availability and offering acceptance timing. We expect that your equipment will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your modem in stock, they will reach out to you to schedule the installation.

SRECTrade Partners With 365 Pronto For 3G Sunset

Posted November 4th, 2021 by SRECTrade.

Overview
Next year, telecommunications providers will phase out their support of more than 22 million 3G communications devices—including the revenue-grade meters used for measuring and recording the production of solar energy systems. As a result, these meters will fall out of compliance for the minting of SRECs and receipt of quarterly payments to solar system owners.

To prevent this sunset from impacting you, SRECTrade has partnered with 365 Pronto to remove and dispose of old revenue-grade meters and replace them with new revenue-grade meters that follow the regulations and network communications needed for verified SREC payments to system owners.

While there is no fine or penalty for not having the meter swapped out, system owners who choose not to upgrade their meter(s) could soon stop receiving SREC payments, negatively impacting the expected return on investment from their solar installation(s).

If you have not yet been contacted by us, don’t worry, we’ll be in touch in the coming weeks as the program rolls out.

Pricing, Payment, and Rollout
System owners are responsible for the cost of this replacement equipment and related labor. SRECTrade is committed to helping our customers keep costs low, so we have negotiated preferred pricing with 365 Pronto, our technology and logistics partner. This pricing is conditional on the system owner registering for the replacement in a timely manner when the rollout has reached their geographical region.

The rollout with be conducted in phases and will begin in Massachusetts. If you register before Saturday, November 20, 2021, you’ll be eligible for a 20% in-market price discount on your meter and installation.

If you delay the registration—or do so outside the period within your region—we cannot guarantee the agreed-upon preferred price.

Massachusetts SREC Market
Current SREC market prices are around $300/MWh/SREC. For the average system size of 7 kW, this represents a potential loss of $2,100 per year in quarterly SREC credit payments for Massachusetts residents. For systems larger than the average, the loss is even greater.

Next Steps
If you are a Massachusetts resident and have been recently contacted by us regarding your SREC payments, the process begins by visiting a simple, step-by-step, online interface to register your system:

Replace Your Revenue-Grade Meter – Sign Up with 365 Pronto

Again, if you have not yet been contacted by us, don’t worry, we’ll be in touch in the coming weeks as the program rolls out.

We estimate that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation. In many cases, the homeowner does not have to be present during the installation.

Frequently Asked Questions

  1. What is a revenue-grade meter?
    • The meter is what your solar system uses to communicate your solar output withthe SREC tracking registry. Without this meter, the registry cannot determine how many SRECs to mint to you.
  2. Why is this replacement necessary?
    • Wireless communications protocols become obsolete over time, and the wireless carriers (Verizon, AT&T, etc.) are phasing out old networks (2G/3G) in favor of faster, upgraded networks. Many solar systems installed more than three years ago likely have equipment designed for the network technology of the time (2G/3G).
  3. What is 365 Pronto?
    • 365 Pronto is our technology and logistics partner. It is a technology platform company matching asset owners (you) with an on-demand qualified workforce (local service providers) through automated DNA match technology. Because of its unique model, it can service the entirety of SRECTrade’s systems under trading.
  4. How much will a new meter cost?
    • Through our partnership, we were able to negotiate a special lower-than-market price just for Massachusetts SREC Trade customers.  This price includes all parts and installation, plus a one-year cellular data plan.
    • You should act now, because next month, 365 Pronto providers will be conducting work in your area. If you reserve your meter replacement slot by Saturday, November 20, 2021, you can secure a 20% in-market price discount on your meter and installation.
    • You will need to register and purchase your replacement meter before Saturday, November 20, 2021, to secure this discount.
  5. Can I use my original installer?
    • Yes, you may contact your installer to ask about having this work performed. However, providers who are not part of the 365 Pronto network may not be able to guarantee the same price. This is why it is important to book your meter replacement with 365 Pronto before Saturday, November 20, 2021 and reserve your discounted price.
  6. When will my new meter be installed?
    • We expect that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation. At that time, 365 Pronto will process your payment for the installation of your meter. In many cases, the homeowner does not have to be present during the installation.
  7. Do I need to do anything once the new meter is installed?
    • No. Once your new meter is installed, it will begin to communicate your solar output with SRECTrade as normal. If you have questions about your account, please email ma.renewables@srectrade.com.
  8. How do I know my meter is working?
    • We understand that there is a delay between when your output is recorded and when your SRECs are minted. We will provide email confirmation to let you know that the system is working. If you have questions about your account, please email ma.renewables@srectrade.com.

*Disclaimer: Price is subject to i) sales tax on equipment and ii) change, based on availability and offering acceptance timing. We expect that your meter will arrive 30-40 days after you purchase it. Once your 365 Pronto service provider has your meter in stock, they will reach out to you to schedule the installation.

SRECTrade Massachusetts Class I Application Updated and Open!

Posted March 11th, 2021 by SRECTrade.

March 24, 2021 EDIT: Removed the text, “There is no requirement in MA Class I for projects to utilize a revenue grade meter, regardless of size.” See the added “Minimum Meter Accuracy” table from Section 2.1 e) of the NEPOOL GIS Operating Rules below for revenue grade meter requirements.

SRECTrade’s MA Class I application is now fully updated and live on our website. This update includes streamlining our online application to only require fields that are necessary for obtaining MA Class I certification.
​​​​
To start an MA Class I application, please log in to your SRECTrade account and select the link to “Apply to sell SRECs”.

Below is more info about the MA Class I REC Market parameters:

  • Any solar PV project interconnected to the New England ISO is eligible to sell MA Class I RECs.
  • As of the time of this post, the current MA2020 Class I spot market price is approximately $40.00 (per MWh).
  • There are no REC factors in the MA Class I market as there were in MA SREC-II; one Class I REC is generated per 1 MWh of production.
  • Qualified MA Class I projects are not limited to 40 quarters of REC transactions like in the past MA SREC markets; they are eligible to transact in perpetuity.
  • All MA Class I projects are required to utilize an Independent Verifier for production reporting. If you have questions about whether your solar inverters/meters qualify, please view the approved NEPOOL Independent Verifiers List (current as of the time of this post).
  • SRECTrade’s MA Class I Market page will have more information added to it in the near future.
  • Metering requirements are as follows:
“Minimum Meter Accuracy” table in Section 2.1 e) of the NEPOOL GIS Operating Rules.

Regarding fixed-price contract opportunities, 5- and 10-year forward contract links will be emailed on a quarterly basis to interested parties. Please email installers@srectrade.com to indicate your interest in this mailing list.

As always, please contact SRECTrade with any questions and we look forward to working with you in the MA Class I market.

Massachusetts DOER Announces SREC I and SREC II Auction Totals and Preliminary 2021 Minimum Standards

Posted July 21st, 2020 by SRECTrade.

On July 13, 2020, the Massachusetts Department of Energy Resources (DOER) announced final SRECs available for auction in this year’s Annual Solar Credit Clearinghouse Auction (SCCA) I and II, as well as the preliminary 2021 Minimum Standards for the SREC I and II programs.

The DOER confirmed that 103 certificates have been deposited for the SREC I auction, and 85 certificates have been deposited for the SREC II auction.

The DOER estimates a 2021 SREC I Minimum Standard of 1.6744% (748,584 MWh) for load executed under contract on or after June 28, 2013. This Minimum Standard applies regardless of which round the auction clears. Load served under contracts executed prior to June 28, 2013 will follow a Minimum Standard of 1.0252%.

The DOER estimates a 2021 SREC II Minimum Standard of 2.2828% (1,020,544 MWh) for load served under contracts executed between April 25, 2014 and May 8, 2016, and 3.8584% (1,724,956 MWh) for load served under contracts executed on or after May 8, 2016. This will only apply if the auction clears in the first two rounds. If the auction clears in the third round, the Minimum Standard will be 2.2830% for load served under contracts executed between April 25, 2014 and May 8, 2016 and 3.8586% for load served under contracts executed on or after May 8, 2016.

Massachusetts DOER Announces Final 2020 SREC Minimum Standards

Posted September 16th, 2019 by SRECTrade.

On Friday, August 30th, the Massachusetts Department of Energy Resources (DOER) announced the final 2020 SREC-I and SREC-II Compliance Obligations and Minimum Standards. This announcement follows the results of the SREC-I and SREC-II Solar Credit Clearinghouse Auctions. The final announcement differs only slightly from the preliminary announcement in July.

Solar Carve-out (SREC-I)

The DOER has determined that the Final 2020 Compliance Obligation for the SREC-I program will be 748,584 MWh and that the Minimum Standard will be 1.6116%. The 2020 Minimum Standard for load under contracts signed before June 28, 2013 will be 0.9867%. The Determination of the CY 2020 Total Compliance Obligation and Minimum Standard, published by the DOER, outlines how this Minimum Standard was calculated. Both Minimum Standards are slightly lower than their preliminary counterparts, as a result of the updated Solar PV Capacity Factor used to estimate production.

Solar Carve-out II (SREC-II)

The DOER has also calculated the Final 2020 Compliance Obligation and Minimum Standard for the SREC-II program, which are 1,023,737 MWh and 2.2040%, respectively.

In addition, the DOER calculated the 2020 SREC-II Compliance Obligation and Minimum Standard for load under contracts signed after May 8, 2016 as 1,765,527 MWh and 3.8011%, respectively. The final SREC-II baseline Compliance Obligation and Minimum Standard are slightly lower than their preliminary counterparts, primarily due to two reasons:

  1. A reduction in the average capacity factor applied to estimated generation from 13.35% to 13.08% (using nine years of Massachusetts Production Tracking System production data)
  2. An improvement to the SREC-II production estimation formula to account for the loss of partial MWhs left over after a reporting period, since these partial MWhs do not result in the creation of partial SREC-IIs

MA 2018 Solar Credit Clearinghouse Auction Result Announcement

Posted July 26th, 2019 by SRECTrade.

On Thursday, July 25th, the Massachusetts Department of Energy Resources (DOER) announced that all of the MA2018 SREC Is and SREC IIs submitted to the auction account were transacted in the first round of the Solar Credit Clearinghouse Auction (SCCA).

A total volume of 9,780 SREC Is were bid on across 21 unique bidders, creating more than sufficient demand to clear the available auction volume of 632 SREC Is.

A total volume of 63,388 SREC IIs were bid on across 21 unique bidders, creating more than sufficient demand to clear the available auction volume of 4,626 SREC IIs.

DOER and EnelX are in the process of certifying and finalizing the auction results. More information will be made available on the SCCA webpage in the coming weeks.

If SRECTrade submitted SRECs to the SCCA on your behalf, we will provide further notice on the status of your transaction once the DOER and EnelX provide us with finalized auction results.

Massachusetts DOER Announces SREC I and SREC II Auction Totals and Preliminary 2020 Minimum Standards

Posted July 15th, 2019 by SRECTrade.

On July 15, 2019, the Massachusetts Department of Energy Resources (DOER) announced final SRECs available for auction in this year’s Annual Solar Credit Clearinghouse Auction (SCCA) I and II, as well as the preliminary 2020 Minimum Standards for the SREC I and II programs.

The DOER confirmed that 632 certificates have been deposited for the SREC I auction, and 4,626 certificates have been deposited for the SREC II auction.

The DOER estimates a 2020 SREC I Minimum Standard of 1.6449% (764,036 MWh) for load executed under contract on or after June 28, 2013. This Minimum Standard applies regardless of which round the auction clears. Load served under contracts executed prior to June 28, 2013 will follow a Minimum Standard of 1.0071%.

The DOER estimates a 2020 SREC II Minimum Standard of 2.2485% (1,044,390 MWh) for load served under contracts executed between April 25, 2014 and May 8, 2016, and 3.8088% (1,769,130 MWh) for load served under contracts executed on or after May 8, 2016. This will only apply if the auction clears in the first two rounds. If the auction clears in the third round, the Minimum Standard will be 2.2585% for load served under contracts executed between April 25, 2014 and May 8, 2016 and 3.8188% for load served under contracts executed on or after May 8, 2016.

Details regarding this announcement can be found here. SRECTrade will be assessing the implications of this adjustment and releasing a full market update shortly.

Massachusetts DOER Releases Straw Proposal on Clean Peak Standard (CPS) Program

Posted April 15th, 2019 by SRECTrade.

On April 2nd, the Massachusetts Department of Energy Resources (DOER) held a stakeholder meeting in which they presented their straw proposal on the new Clean Peak Standard (CPS) Program. As per the DOER, the program’s primary objective is to “implement a clean peak program that aligns clean energy generation and zero emission demand resources with periods of peak electricity demand in the most cost-effective manner for Massachusetts customers possible while reducing emissions.” To effectively achieve this goal, the program intends to couple the co-deployment of energy storage and renewable resources with demand response resources to help flatten the electric load curve and reduce overall emissions from the electricity sector.

The proposal lays out four separate eligible CPS resources:

  1. New RPS Class I resources in operation on or after January 1, 2019
  2. Existing RPS Class I/II resources (in operation prior to January 1, 2019) that are paired with an energy storage system
  3. Standalone energy storage systems
  4. Demand response resources

Eligible resources would be able to generate Clean Peak Certificates (CPCs) during predefined Seasonal Peak Periods. Each season would have a defined, 4 hour daily peak period in which CPCs could be generated. CPCs would be minted on top of any other Renewable Energy Credit (REC) that the asset produces.

The DOER did not provide details on key program metrics and guidelines in their proposal including price support mechanisms, metering requirements, and tracking and verification process. These parameters will be established once the DOER’s contracted consultants provide further analysis support. The DOER requested that stakeholders submit comments on the proposal by April 12th and they plan to release a draft regulation by the end of Q2 2019.

Massachusetts DOER Files Alternative Portfolio Standard (APS) Emergency Rulemaking

Posted April 9th, 2019 by SRECTrade.

On April 5th, the Massachusetts Department of Energy Resources (DOER) filed emergency regulations that amend portions of the current version of 225 CMR 16: Alternative Energy Portfolio Standard (“APS”).

Specifically, the emergency regulation cancels the transition from pre-minting to forward minting for all small (residential) renewable thermal technologies. As such, small systems will continue to receive their credits upfront, in lump-sum. These proposed changes will take effect immediately and remain in effect for three months. If the DOER successfully concludes the entire rulemaking process within the next three months, the emergency amendments will become law.

SRECTrade provides comprehensive management and transaction services for renewable thermal asset owners within the APS program. Please reach out to SRECTrade if you believe you are eligible or have any questions regarding the program.

Massachusetts SREC-I and SREC-II Update

Posted January 15th, 2019 by SRECTrade.

With Q3 2018 issuance numbers out, SRECTrade would like to provide an update on the current standing of the SREC-I and SREC-II markets.

SREC-I 

The SREC-I market is not subject to any new capacity and, as such, is largely impacted by electricity load figures and solar production. Given the current Massachusetts Department of Energy Resources (MA DOER) estimates for exempt load, expected increased retail electric load*, and SRECTrade’s projections for final 2018 SREC generation figures, the 2018 SREC-I market will be undersupplied by approximately 91,000 SRECs, or 10.9% of the exempt load adjusted obligation. Currently, SRECTrade projects the 2019 SREC-I market will have a similar dynamic of undersupply, with a shortage of approximately 46,000 SRECs, or 5.8% of the estimated exempt load adjusted obligation. For specific details, please see our full presentation here.

The market seems to have taken this undersupply into account, with 2018 and 2019 SREC-Is bid at approximately $400 and $370, respectively. These values amount to approximately 94% and 91% of their respective ACP levels ($426 and $404, respectively).

SREC-II

The SREC-II market closed to new capacity as of November 26, 2018. While systems under 25 kW DC must have been interconnected prior to the closing date, applications will still be accepted through February 15, 2019. As such, there is still some uncertainty as to how much additional residential capacity will apply into the program prior to February 15th, although it can be reasonably assumed that this capacity will be marginal. In addition, there exists approximately 80 MW of market factor-adjusted commercial (>25 kW DC) capacity that has received indefinite extensions for the SREC-II program. These systems are mechanically complete and will begin their SREC production once they receive Permission to Operate (PTO) from their respective utility. We assume in our analysis that 90% of these systems will receive PTO within a year of the closure of SREC-II (November 26th) in equal monthly increments, and the remaining 10% will receive PTO after 12 months. This puts our projected final market factor-adjusted SREC-II capacity at 1,534 MW.

Using these assumptions, as well as DOER’s estimates for exempt load, electric load projections, and SRECTrade’s SREC generation forecast, the 2018 SREC-II market will be undersupplied by approximately 145,500 SRECs, or 8.3% of the exempt load adjusted obligation. As it stands, SRECTrade projects the 2019 SREC-II market will be more balanced with a slight oversupply of 7,600 SRECs, or 0.4% of the exempt load adjusted obligation.

The markets have seemingly digested the fact that the 2018 SREC-II market will be undersupplied, bid at approximately $325 or 93% of the ACP ($350). The 2019 SREC-II market has trended upwards in tandem with the 2018 market, however remains split between the SCCA price ($244) and ACP ($333), currently bid at approximately $290. This reflects our projection of a balanced dynamic in 2019.

Should you have any questions about the enclosed analysis or need transaction and management services, please contact us.

*See 2016 MA DOER RPS and APS Annual Compliance Report page 21 for historic and projected retail electric load figures.