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SOLAR EXPANSION
Gov. Charlie Baker signed a bill into law to boost net metering caps that allow solar system owners to sell any excess energy they generate back to the electric grid at the retail rate, rather than the wholesale rate. Under the new legislation, however, the credit value for solar projects was reduced to 60 percent from 100 percent.
“It was unfortunate that it took the administration and legislature more than a year to address the net-metering cap issue, and even after that, we are looking at dealing with it again in the fall. While relieved to see this compromise, having a long-term solution in place is good for both the state's economy and environment!”
Anonymous WBJ poll commenter
WORCESTER URBAN RENEWAL
Worcester has laid out an area for urban renewal and may take properties from owners as a last resort to help spur development, targeting 118 underperforming acres.
“I understand the frustration the city may have with some landlords, but using the eminant domain action for this intention is un-American.”
WBJournal.com commenter Padraig
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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