Support for solar in New York State received a healthy boost last week, with an additional USD $108 million in funding announced for residential and commercial solar energy projects.
The extra cash will be provided over the next two years under the NY-Sun initiative.
“Solar power is critical to making our environment healthier and our energy system more resilient,” said New York governor, Andrew M. Cuomo. “The funding approved today will expand the use of clean, renewable power across New York State and ensure we continue to be a national leader in solar energy.”
Governor Cuomo launched the NY-Sun initiative last year and since its inception, 299 megawatts of solar photovoltaic capacity has been installed or is under development in the state. More solar panels have been installed in New York State since NY-Sun kicked off than had been installed in the entire prior decade.
Shaun Chapman, president of the New York Solar Energy Industry Association, has lauded Governor Cuomo’s efforts.
“Through the NY Sun Program, which the Public Service Commission has responsibly acted upon, our industry is now empowered to deliver jobs and clean, low cost, renewable energy to all New Yorkers.”
Under NY Sun, New York State Energy Research and Development Authority (NYSERDA) provides cash incentives for the installation of solar power systems that are 25kW capacity or less for residential, and 200 kW capacity or less for commercial sites. The funds are granted on a first-come, first-served basis and will be available through December 31, 2015 – or until earmarked funds are fully committed.
Also available is the $30 million New York Sun Competitive Photovoltaic (PV) Program for systems larger than 200kW and various other rebates and incentives; including a feed in tariff program for residents of Long Island.
