New York is making it easier for companies and residents to go solar—and for the government to help them go solar by simplifying the state’s solar incentive programs into a statewide NY-Sun Incentive Program. The consolidation, made by Gov. Andrew Cuomo (D), is designed to more effectively deploy $1 billion in state solar incentives to add more than 3 gigawatts of solar power across the empire state by 2023 with the ultimate goal of transitioning the state’s solar market into a self-sustaining industry.
“Merging these programs into the NY-Sun Incentive Program will stimulate development of solar projects across this state, and sends a clear message that New York is a leader in solar energy innovation,” Governor Cuomo said. “This approach will help the industry plan for the future, spur new development and aid in New York’s transition to a cleaner, cheaper and more efficient energy grid.” Cuomo has previously boosted the state’s solar incentive program, but this could help make the state a larger solar player.
Under the new, statewide program New York is being divided up into three regions: Con Edison territory, Long Island and Upstate. Each region is awarded incentives to support a certain number of megawatt blocks both for residential solar projects up to 25 kilowatts and small non-residential solar projects up to 200 kilowatts, the state said. When a megawatt target in a sector is reached that block is closed and a new megawatt block with a lower incentive level is started. “Once all of the blocks for a particular region and sector are filled, an incentive for that region and sector will no longer be offered,” the state said.
John B. Rhodes, President and CEO, New York State Energy Research and Development Authority (NYSERDA), said, "The days of start-and-stop solar incentive programs are over. The NY-Sun Incentive Program will provide much needed funding certainty and transparency to the market to stimulate continued private sector growth of the solar industry. Governor Cuomo’s commitment to solar will enable significant growth in New York’s clean energy economy."
The gradual ramp down of incentives is designed to provide a ramp down that will help grow the solar industry in the state. It will also prepare solar installers and customers for the time when solar incentives will no longer be needed based on market penetration, customer demand, and payback.Tweet