Update: As of March 13, 2024
Eversource has submitted a request to the DPU to revise their order and we are currently in a holding pattern. Unfortunately, until this issue is resolved between Eversource and the DPU, you will not be able to reallocate your credits to a different territory.
We will keep you updated when we learn more.
On February 15, 2024, the Massachusetts Department of Public Utilities (DPU) issued revisions to the Net Metering Regulations in Chapter 8 of the “2021 Climate Act.” These revisions will be effective as of March 1, 2024, and encompass several key changes.
The change that most affects My Generation Energy customers is the revision to Inter-Territorial Credit Transfers.
According to the DPU, host customers of certain Net Metering Facilities can now transfer Net Metering Credits to customers of any electric distribution company within Massachusetts, regardless of service territory or ISO-NE load zone. Projects may now make updates to the Schedule Z up to 4 times per year.
What are Inter-Territorial Credit Transfers?
Inter-territorial credit transfers refer to the ability of solar energy system owners in Massachusetts to transfer excess net metering credits earned in one utility service territory to offset electricity usage in another territory. This is particularly useful for property owners with solar installations that generate more electricity than they currently use, allowing them to optimize use of their credits.
How do Inter-Territorial Credit Transfers Work?
Under the new policy, a residential property owner with a solar system in Utility Territory A generates more credits than needed, they can transfer the excess credits to offset their electricity bill in Utility Territory B, where they have another property or electricity account. System owners can now make changes to their excess production allocations by filing Schedule Z revisions up to four times per year..
Inter-territorial credit transfers offer a practical solution for solar energy system owners in Massachusetts to optimize their energy usage and savings. By leveraging this mechanism, property owners can better manage their electricity expenses while contributing to the growth of renewable energy in the state.
Are you thinking about installing solar at your home or business? My Generation Energy has has built a reputation for delivering the highest quality solar design and installation on Cape Cod, the South Shore, South Coast and Greater Boston area since 2008. Contact us for a free site assessment and find out if solar could work for your home or business!
