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Solar energy

Massachusetts Issues Final SMART 3.0 Regulations for Solar and Storage Industry

Strategic Insights

— 1 min read

The Massachusetts Department of Energy Resources (DOER) has released final regulations for the SMART 3.0 program, which aims to promote the growth of solar and storage in the state. The regulations, praised by various industry groups, are seen as a crucial step in addressing the state's growing electricity demand and reducing energy costs for ratepayers. The SMART 3.0 program will provide a pathway for solar and storage projects to come online quickly, leveraging expiring federal tax credits and driving down energy costs for families. Industry leaders are optimistic about the program's potential to create good jobs and deliver clean, reliable, and affordable energy to Massachusetts residents.

Key Takeaways:

  • The Massachusetts Department of Energy Resources (DOER) has issued final SMART 3.0 regulations, which aim to promote the growth of solar and storage in the state.
  • The regulations have been praised by industry groups, including the Solar Energy Industries Association (SEIA), the Alliance for the Climate Transition (ACT), and the Coalition for Community Solar Access (CCSA).
  • The SMART 3.0 program will provide a pathway for solar and storage projects to come online quickly, leveraging expiring federal tax credits and driving down energy costs for families.
  • The program aims to better serve low-income customers and improve consumer confidence in solar.
  • The updated program builds on a proven track record while making needed improvements to respond to market conditions on an annual basis.
  • The regulations address implementation challenges raised in the review process to ensure program requirements for site selection and energy storage achieve their intended policy goals.

Statistics:

  • The SMART 3.0 regulations aim to drive down energy costs for families and create good jobs in the solar and storage industry.
  • The program will leverage expiring federal tax credits to support the growth of solar and storage in Massachusetts.
  • The updated program builds on a previous track record, with improved responsiveness to market conditions.

Sources:

  • Massachusetts Department of Energy Resources (DOER)
  • Solar Energy Industries Association (SEIA)
  • Alliance for the Climate Transition (ACT)
  • Coalition for Community Solar Access (CCSA)
  • Gulfoilandgas.com

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