The World's #1 Renewable Energy Network for News, Information, and Companies.

New York Steps Up Its Solar Game

The recent announcement by New York Governor Andrew Cuomo that the state plans to add nearly $1 billion to its two-year-old NY-Sun Initiative is undoubtedly a huge step forward for solar deployment in the state. It not only reflects state legislators’ long-range view on solar deployment but is also a testament to the healthy appetite New Yorkers have for solar adoption. The goal of NY-Sun is to support the deployment of three gigawatts of solar by 2023; thus far, it has propelled hundreds of megawatts of solar installs and has helped employ more than 3,300 New Yorkers.

There’s no doubt that the boost in funding and what it says about New York’s solar future is big news, but perhaps what’s more exciting is the design of the program itself.

Lawmakers cherry-picked the most successful elements from programs in the two top solar states in the nation, California and Massachusetts, to create an overall program that is substantially more progressive than anywhere else in the country. Top solar states have learned that having a robust solar incentive program doesn’t stop at writing the check. It requires supportive net-metering policies, robust financing options, a focus on public entities and encouraging local government support, to name a few.

The new program is not official yet; it’s currently up for public opinion and then will need to be approved by the Public Service Commission. Let’s take a look at what makes the program so exciting and how it sets the stage for rapid maturity:

  • Declining megawatt block incentive — Based on the California Solar Initiative, incentive amounts would drop down in a staircase fashion as more megawatts are installed. The success of this structure, which New York plans to implement in 2015, is in how it encourages competition to install solar at a continually reduced cost and attracts investment.
  • Net-metering — In addition, because New York allows for utility customers to install solar at separate locations from where they are going to be using the energy, solar is open to more customers and allows for more flexibility when planning an installation. This follows the Massachusetts model, which has been a runaway success.
  • K-Solar — This program supports solar development at schools by providing incentives, financing and technical assistance to administrators.

New York’s ambitious plans for a secure and green energy future don’t stop with NY-Sun. The state is also pursuing an effort to modernize the grid’s transmission and distribution systems, which will inevitably better support higher concentrations of solar energy. The Green Bank is a prime example of other initiatives underway to support clean energy. Launched last year, the $1 billion Green Bank is in partnership with the private sector to remove financing market barriers in the clean energy sector.

If this new program is enacted, New York is set to take a major leap forward in clean energy and carbon reduction over the next few years, giving California and Massachusetts some competition as the country’s top solar leaders.

Lead image: New York map via Shutterstock

RELATED ARTICLES

Intersolar Europe 2015: Spirits Up, Stats Down

William P. Hirshman, Contributor Intersolar Europe, billed at the world’s leading exhibition for the solar industry, is indeed big. But Intersolar Europe 2015, one of five Intersolar-branded gatherings around the globe each year, was not as large as the an...
US Capitol

Republicans and Democrats Back Bill to Level the Playing Field for Renewable Energy

Vince Font, Contributing Editor U.S. Senators Chris Coons and Jerry Moran are leading a bipartisan effort to reintroduce tax code legislation aimed at leveling the playing field for renewable energy investment. The Master Limited Partnerships Parity Act w...
Solar thermal desalination

Solar Thermal Desalination Now Underway in Water-hungry California

Susan Kraemer, Correspondent Regional droughts are being exacerbated by climate change, which is mostly caused by what is tasked with bailing them out — fossil fuels. Israel, Australia, and now southern California have all turned to expensive energy-gu...
Memo pad on table

IRS Issues Solar Tax Equity Memo Stating the Obvious

David Burton and Richard Page, Akin Gump On Friday, the IRS issued a heavily redacted Chief Counsel Advice (“CCA”) memorandum, that addresses the intersection of solar investment tax credit partnership flip transactions and the wind production tax credit part...
Ms. Amy McDonough is a Project Developer for Borrego Solar and works from the company’s regional headquarters in Lowell, Massachusetts. Amy primarily focuses on developing large-scale comprehensive solar power installations for commercial real est...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

SAP for Utilities

The SAP for Utilities conference is the most comprehensive SAP for Utili...

Training: Preparing for Rule 21 - SPI 2015

What: Rule 21 Training When: September 16th @ 4:30-5:30pm Wher...

Training: NEC 2014, AFDI, & Rapid Shutdown - SPI 2015

What: NEC 2014, AFDI, & Rapid Shutdown When: September 15t...

COMPANY BLOGS

Don't Fear The C-Suite

A lot of people are uncomfortable selling to the C-Suite (Chief Financia...

Solar Power Helps Detroit Community Light Streets

Residents of Highland Park, a city almost surrounded by Detroit, receive...

How to Survive the Solar ITC’s Expiration

The Solar ITC is set to expire at midnight on December 31, 2016. That se...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS