The legislation includes renewable energy goals, emissions targets, and tax certainty for the solar industry, among other provisions.
Tools deployed by the state as well as the underlying contract structure have created a program that local business and homeowners can grasp, and are investing in. That’s SMAHHHT.
The proposed Massachusetts mandate is modeled after a similar policy in California and would provide exemptions under certain circumstances.
Governors of the Northeast states both said the adoption of electric vehicles is essential to meet environmental and clean energy goals.
The Massachusetts Municipal Wholesale Electric Co. plans to use a local financial institution to issue tax-exempt revenue bonds to finance the project.
The proposed initiative would address issues that prevent low-income customers from taking part in Community Shared Solar projects.
The legislation landed on Gov. Charlie Baker’s desk for a second time after he “reluctantly” vetoed it in January. This time, he sent back a list of proposed amendments.
The developer must comply with state and federal laws to protect water quality and natural resources at the solar array, restore impacted resources, and place a parcel of 24 acres into conservation.
Tax equity financing for the 24.6 MW of capacity was secured in a partnership with Crestmark, a division of MetaBank N.A.
After the governor “reluctantly” vetoed the bill, lawmakers vowed to immediately refile and again pass the sweeping legislation.
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