SREC Incentive Models
Hey Everyone,
I am loving the software so far, yet had a question about how to include SREC incentives into the cost calculations for the proposals.
In MA, the SREC market is very popular, with SREC's currently trading at ~$380 per MWh. This incentive drastically improves the payback period for the end-user and I would like to include this in my proposals.
How exactly would I go about creating this incentive?
Warm Regards,
Gregory J Dubela
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Officiële opmerking
Hi Gregory,
Glad to hear that you are enjoying the software!
You can learn how to set up incentives here: https://support.opensolar.com/hc/en-us/articles/360028224832-How-to-Setup-Incentives
It sounds like the MA SRECs would be a Performance Based Incentive. Please let me know if you have any issues setting this up and I would be happy to assist further.
Let me know.
Kind regards,
Dion
Acties voor opmerkingen -
Hey Dion,
This would definitely be a performance-based incentive.
Here is the link to the MA SREC market: https://www.srectrade.com/markets/rps/srec/massachusetts
After reviewing the documentation, I'm really not sure how to go about setting up a performance-based model using those SREC figures.
This is really important for states like MA and if you could help me wrap my head around how to actually set this up, that would be really key.
Warm Regards,
Gregory J Dubela
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Hi Gregory,
Of course, I would be happy to help more. Please see below for an example + explanation for my best attempt at setting up the SREC incentive (I am based in Australia so it's possible that I don't have a full grasp on the way that the SRECs work in MA).
So here I have chosen the projected prices on the website that you linked as shown in the table below for the SREC-II (which is what I assume a regular solar install falls under). There are 6 years including 2020.
Do these settings make sense? Or have I misunderstood how it will work?
Hope this helps. Let me know if any questions.
Kind regards,
Dion
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