MA DOER Provides Opportunity for Low and Moderate Income Housing to Receive Energy Savings - August 14, 2014

Massachusetts Department of Energy Resources (DOER) has provided an opportunity for Low and Moderate Income Housing to maximize the local benefit of solar projects by directly acquiring discounted solar energy credits from NextSun Energy’s offsite solar projects, helping to maintain costs and preserve the affordable housing stock in Massachusetts.

What is Net Metering? Energy credits, based on the amount of kWh (kilowatt hours) generated by the solar project, are available for sale to Low and Moderate Income Properties through a Net Metering Credit program. The Net Metering Credit program applies solar energy credits to a customer’s bill at the largest published credit rate on the internet. Net metering credits should not be confused with a supplier energy contract, as they are strictly credits to your energy bill from NSTAR or NGRID and are not mutually exclusive with other locked-in power supply contracts that you may have in place.

How it works: As a power provider, NextSun charges the Low/Moderate Income Property for the Net Metering Credits that are applied to their bill from the Utility (NGRID OR NSTAR only) at a discount off the full value of the credit. Typically, these credit discounts will effectively reduce your supply costs by about 25% - 30%. The Net Metering Credit program allows Low/Moderate Income communities to buy direct from a local solar project and receive substantial energy/operational savings – without building, owning or maintaining a solar project on their premises.

NextSun Energy is a Massachusetts-based solar energy developer with projects on landfills, brownfields, commercial/industrial rooftops and greenfields. NextSun is seeking Low/Moderate Income property owners to partner with on this exciting opportunity, and invites any Housing Authority, Community Development Corporations, Property Managers or Property Owners with such classified assets to contact Amelia Tracy at NextSun Energy for detail on the program. NextSun will begin construction of both projects in the spring of 2015, and will be partnering with qualified Low/Moderate Income clients through the end of 2014. 

Contact: Amelia Tracy, (617) 942.2733, Amelia@nextsunenergy.com, http://nextsunenergy.com

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