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Although the Empire State has lagged behind some of its neighboring states with regard to widespread commercial solar conversion in the past, the outlook for large-scale photovoltaic installments in New York has improved dramatically due to recently announced solar incentives.
Governor Cuomo has led the development of The NY-Sun Initiative, a dynamic public-private partnership that seeks to aggressively drive growth in the solar industry across New York. As part of a balanced Statewide renewable energy policy, NY-Sun aims to quadruple the customer-sited solar photovoltaic (PV) capacity installed by 2013. In early 2013, Governor Cuomo proposed to extend the NY-Sun Initiative for an additional 10 years through 2023.
The New York State Energy Research and Development Authority (NYSERDA) provides large-scale corporate solar system owners with attractive benefits through the PON 2589 program (previously PON 2156 and PON 2484), which will provide eligible solar projects with total awards of $107 million through 2013. The PON 2589 program has two scheduled application deadlines: March 14, 2013 and August 29, 2013.
New York is now one of the most attractive states in the U.S. for businesses considering going solar. The combination of the NY-Sun's NYSERDA programs, federal solar incentives, and local incentives including property tax abatements, provide compelling investment returns for corporate solar photovoltaic projects.
