Presentation by the Massachusetts Clean Energy Center

1. Massachusetts Clean Energy Center
Overview of
Community Resources
March 29, 2011
1

2. Introduction
 MassCEC Overview
 Solar Incentives
 Wind Incentives
 Project Financing
 Examples

3. MassCEC Areas of Focus
Idea Research Development Manufacturing Project/Installation
Renewable
Investments in Clean Technology Energy
Generation
Workforce Development
Clean Energy Sector Development

4. MassCEC Eligible Customers
 Source of funding is a Systems Benefits Change on ratepayers’ electric bill
 Available for customers of IOUs and MLPs that opt-in
A list of eligible MLPs is available at:
http://www.masscec.com/solar

5. Renewable Energy Generation Division
Idea Research Development Manufacturing Project/Installation
Renewable
Energy
Generation
Offshore
Low Income SREC
Comm. Solar Comm. Hydro Comm. Wind Wind &
Partnerships Management
Marine

6. Program Overview
Commonwealth Solar
Commonwealth Solar
Commonwealth Solar I Commonwealth Solar II
Stimulus

7. Rebates and Other Incentives
 Rebates SRECs
 Database of State Incentives for Renewables & Efficiency
(www.dsireusa.org)
Federal Tax Credits
• Accelerated Depreciation (MACRS)
• Investment Tax Credit (ITC)
State Tax Credits
• Property Tax Exemption
• Sales Tax Exemption
Other Incentives
• Net Metering

8. Project Financing Models
Various Options Available:
 Direct Ownership
 Maximizes value of electricity generated
 3rd Party Ownership
 Hedges against future electricity price increases
 Minimizes up front cost and O&M costs
 Leverages tax incentives to reduce overall project cost
 Leasing
 Potential revenue generator

9. 3rd Party Ownership
Commonwealth Solar 3rd Party Ownership Projects
160
140
120
100
# of Projects
80 Commercial
Public
60
Residential
40
20
0
Month

10. Solar Installed in MA (through 2010)
45
40
35
30
25
MW
20
15
10
5
-
2002 2003 2004 2005 2006 2007 2008 2009 2010
RET-Funded Non-RET Funded Cumulative

11. Public Projects
Yarmouth Town Hall
12.6 kW System

12. Public Projects (cont.)
Medway Public High School
132 kW System

13. Public Projects (cont.)
Watertown Police Station
28.42 kW

14. Commonwealth Wind
Programs overview
Micro Scale Community Scale Commercial Scale
• Assistance for commercial-
Assistance for public and
Rebates for construction scale wind projects in early, high-
non-public utility-scale
of responsibly-sited and risk, stages.
Purpose wind projects, from early
well-performing small • Identify and evaluate potential
assessment to
wind installations sites for commercial wind
construction
projects (state facilitated wind)
100 kW – 10 MW, typically
Eligibility Turbines <100 kW ~ 2.5 MW – 30 MW
net metered
• Feasibility study grants up to
$55,000
• Site Assessment
• Installation rebates • Development Loans up to
services for public entities
determined by kW and $250,000
• Feasibility Study grants
Incentive kWh produced. • Early-stage technical and
up to $85,000
• Maximum of environmental site assessments
• Design & Construction
$130,000. (state facilitated wind)
grants up to $400,000
• This program is being modified
to address earlier stage risk.

15. Map of Community Scale Wind Projects
Installed and Pipeline as of 12/07/10

16. Community Scale Wind
Awards as of 12/07/10*
Design &
Site Assessments Feasibility Studies Construction
Funds awarded $300,296 $5,120,017 $23,708,840
MW awarded 48.4 MW
Projects awarded 50 102 42
Average cost
$6,005 $58,668 $4,107,008
$/project
Average incentive % of
100% 86% 14%
cost
MW installed 15.9
* Data includes projects from the Large On-site Renewables Initiative (LORI) and the Community Wind
Collaborative, predecessor programs that made awards for community scale wind projects prior to launch of
Commonwealth Wind in 2009.

17. Nantucket High School Wind Turbine

18. Questions?
Andy Brydges
Program Director
MassCEC
55 Summer St., 9th Floor
Boston, MA 02110
ABrydges@MassCEC.com