What is the SMART program?
The Solar Massachusetts Renewable Target (SMART) Program is the newest program established to support the development of solar in Massachusetts. SMART has replaced the previous solar incentive program in Massachusetts, Solar Renewable Energy Credits (SRECs). In our Get Smart about SMART blog, we discuss the difference between the SMART program and the SREC incentive program.
The SMART Program is a 1600MW declining block incentive program. Eligible projects must be interconnected by one of three investor-owned utility companies in Massachusetts: Eversource, National Grid, and Unitil. Each utility has established blocks that decline in incentive rates between each block.
SMART provides a monthly payment to homeowners for the energy you produce. Your SMART incentives vary based on the size and type of system and what block of the program you are in.
The SMART program began accepting applications on November 26, 2018. All applications received on or after December 1, 2018, will be reviewed and placed into capacity blocks on a first come first served basis.
SMART is built on declining blocks, and the solar incentives will decline as each block is used. That means that the sooner you install solar, the more incentives you are likely to receive through the SMART program. If, for example, you own a 9 kW size system that produces 10,000 kWh annually, and you are placed in the first Capacity Block, you could receive $15,000 in incentives over the next ten years!