WellesleyWeston Magazine


Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

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Page 121 of 195

residential PV system could garner up to five or six SRECs annually, earning the system owner $1,500 to $3,000 every year for at least ten years. SRECs derive from the Department of Energy Resources (DOER) Solar Carve-Out Program. To facilitate development of solar PV energy, DOER mandates that a certain percentage of the state's total supply of elec- tricity be provided by solar PV. The current goal is 400 megawatts (MW), or about one percent of the state's electricity supply. Regulated utilities meet this requirement by purchasing SRECs from PV system owners. (In the case of leased PV systems, SRECs may belong to the third party PV system owner rather than the homeowner, or host customer, who benefits from lower electricity costs.) "Solar is good for anybody no matter where they are located," says Richard Joyce, Wellesley Municipal Light Plant (WMLP) Director. He acknowledges that Welles - ley's nearly-urban fabric, tall trees, and stately homes could be deterrents. Among Wellesley's Sustainable Energy Committee initiatives, WMLP is reducing energy con- sumption to benefit all residents by replacing lighting town-wide with LED bulbs and 120 WellesleyWeston Magazine | summer 2012

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