Hundreds of Millions of Dollars in New Economic Opportunities in MA

Commissioner Judson, Local MA Chambers Discuss New Opportunities to Help Businesses Save on Energy

Local chambers of commerce in MA can expect “hundreds of millions” of dollars in new economic development in clean energy, Commissioner Judith Judson told chamber and business leaders from across the state last week.

Judson, Commissioner of the Department of Energy Resources (DOER), briefed local chamber executives on a call co-hosted by the Blackstone Valley Chamber, the Amherst Area Chamber, and Chambers for Innovation and Clean Energy.

State legislators Rep. Joseph McKenna, Sen. Ryan Fattman, and Sen. Michael Moore joined the call, which also featured Janet Besser, Executive Vice President of the North East Clean Energy Council.

Among the opportunities Judson and Besser discussed:

  • A new solar incentive program expected to reduce the cost of solar programs for ratepayers and credit solar panel owners for the electricity that they supply the grid. The DOER unveiled a draft proposal earlier this month. Click here to learn more about the draft proposal.
  • New energy storage technology, which will allow for the capture of clean energy for use at a later time, has the potential to bring $800 million of benefits to ratepayers by reducing demand during peak hours and increasing efficiency and reliability. New energy storage targets, which the DOER plans to release by July 2017, are expected to drive more investment and jobs to the state.
  • A new Commercial Property Assessed Clean Energy program (CPACE) will enable businesses to finance energy efficiency and renewable energy upgrades with the money they save on energy over time. The program is currently in development, and is anticipated to be up and running later this year.

Judson also said that Gov. Baker is looking into the future of MA’s Renewable Portfolio Standard (RPS), which currently mandates that 12 percent of the state’s electricity come from renewable sources with a yearly increase of 1 percent. The RPS is a market driver for renewables and accelerates clean energy job growth.

For more information, contact Daren Cheatham, New England Policy and Engagement Director, at Daren@chambersforinnovation.com.