How Healthy is New York's Solar Industry

How Healthy is New York’s Solar Industry

    A Look into New York’s Advancements in the Solar Industry

    Renewable energy continues to become more and more common in America. Lower overall installation and maintenance costs along with incentive programs are making it possible for more and more people to realize the benefits of harnessing energy from the sun. Economic benefits, like lower monthly utility bills and up-front savings in installation and maintenance costs, often come from solar incentives. Environmental benefits from implementing things like cool roofs, green roofs, and solar panels are also in full effect.

    New Yorkers are already pretty familiar with many of the solar industry benefits. New York City is one of 25 major U.S. cities designated by the U.S. Department of Energy as a Solar America City. While almost every state in the country has some kind of incentive program for solar energy systems, New York has some of the most ambitious in the country. These NYC solar industry incentives are paving some very viable solutions in New York.

    At the state level, Governor Andrew M. Cuomo recently announced that $40 million would be made available to support solar industry projects that integrate energy storage. This will help to push the state closer to an ambitious, but achievable energy storage target of 1,500-megawatts by 2025. The Governor has mandated that by 2030 – 50 percent of the state’s electricity come from renewable sources. Helping combat climate change and building a cleaner, more resilient and affordable energy system would be beneficial for New Yorkers.

    Governor Cuomo stated, “As we continue our aggressive pursuit of clean and renewable technologies, funding for projects like this will ensure New York remains at the forefront of the global fight against climate change.” New incentives for solar-plus-storage projects in both the commercial and industrial sectors will continue to help reduce consumer energy bills and improve the value of renewable energy to the grid.

    Richard Kauffman, Chair of Energy and Finance for New York State said, “Energy storage will advance even more solar and other distributed energy resources across New York as it improves New York’s electric grid…”. This will allow an influx of sustainable electricity for commercial and industrial businesses.

    New York is making great strides to grow its solar industry. Along with the states energy storage target of 1,500-megawatts by 2025, the state’s NY-Sun initiative is providing funding for PV systems, helping to encourage residents, small businesses and industrial companies to go solar. Growth in the solar industry makes solar panels in New York a much more doable option for state residents today.

    Talk to the experts at Cadsourcing today to see how your projects can take advantage of the solar industry.

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