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Back You are here: Home Renewables Solar Funding to help expand solar development in New York State

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Funding to help expand solar development in New York State

Funding to help expand solar development in New York State
$107 million is available for P.V. projects in New York City and upstate New York.

New funding has been announced for the NY-Sun Initiative, a New York State program announced earlier this year, which will double the amount of customer-sited solar power installed annually in the state and quadruple that amount by 2013.

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Governor Andrew Cuomo said $107 million will be available for the solar power incentive program, to be administered by the New York State Energy Research and Development Authority.

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Announced April this year, the NY-Sun Initiative will put the state “at the forefront” of solar development and research, create green jobs, and contain energy costs for consumers, aside from expanding solar capacity, environmental protection, and the reduction of the cost of solar in the state.

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“These investments will further drive job growth in the state's clean power industry, and create economic development in communities across New York. I encourage all businesses and municipalities eligible for these grants to apply," said Mr. Cuomo.

The current phase of the program is available through the end of 2013 for solar photovoltaic projects in New York City and upstate New York at eligible customer sites. It is also an expansion of a previous bill focused on large PV systems for the commercial, industrial and municipal sectors exclusively in New York City, Westchester County and the lower Hudson Valley.

Out of the $107 million, $36.4 million will be available this year while $70.5 million will be allotted in 2013, both through the newly established NY-Sun Competitive PV Program. All projects will require co-funding to best leverage state resources with funding capped at $3 million per project.

Nyserda also expanded its smaller-scale solar PV program – plants with less than 50 kilowatts – under the NY-Sun Initiative. Monthly funding for the program also increased $2 million to $3.5 million for the rest of 2012 and will continue at $3.1 million per month next year. – EcoSeed Staff



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