MassCEC Financial Information

Established by Chapter 23J of the General Laws, MassCEC receives funding from the Renewable Energy Trust Fund, which was created by the Massachusetts Legislature in 1998 as part of the restructuring of the electric utility market. The Trust is funded by a systems benefit charge of $0.0005 per kilowatt hour paid by electric ratepayers of investor-owned utilities in Massachusetts, as well as municipal electric departments that have opted to participate in the program. The average Massachusetts household contributes about 29 cents to the Renewable Energy Trust each month.

Funding

Flowchart of how MassCEC is funded

MassCEC Budget and Audited Financials

Budget

The following information includes an overview of MassCEC’s budget, including revenue and expenditures on programs and operations. 

MassCEC Budget, FIscal Year 2024

MassCEC Budget Presentation, Fiscal Year 2024

Additional information about expenditures and payroll can be found on the C-THRU website. 

Audited Financials

Below are the audited financial statements from previous fiscal years:

MassCEC Audited Financials, Fiscal year 2022

MassCEC Audited Financials, Fiscal Year 2021