New York funds $40 million for solar-plus-storage - Smart Energy Decisions

Energy Storage, Commercial, Industrial, Solar  -  October 11, 2018

New York funds $40 million for solar-plus-storage

Governor Andrew M. Cuomo announced on October 10 that $40 million will be made available in November for commercial and industrial (C&I) solar-storage projects, including community solar gardens. The incentives are designed to accelerate progress toward New York's energy storage target of 1,500-megawatts by 2025. These projects will also support the Governor’s mandate that 50% of the state's electricity come from renewable sources by 2030 to combat climate change and build a cleaner, more resilient and affordable energy system.

"As we continue our aggressive pursuit of clean, renewable technologies, funding for projects like this will ensure New York remains at the forefront of the global fight against climate change," Governor Cuomo said in a statement. "The strategic pairing of energy storage and solar technologies moves us closer to building a clean energy economy that protects critical natural resources and benefits all New Yorkers." 

The announcement was made at the Alliance for Clean Energy - New York (ACE-NY) annual conference in Albany. According to the statement, the funding represents a continued commitment by the state to ensure the rapid growth of the evolving solar industry energy is paired with innovative storage technology that will significantly reduce emissions and provide additional benefits to the electric grid.

The funding will accelerate the deployment of at least 50 megawatts of energy storage paired with solar, and reduce barriers to deployment of this clean energy technology associated with customer acquisition, siting, and interconnection.  

These funds will be the first storage incentive funds made available since the release of the New York State Energy Storage Roadmap in June. By offering a new incentive for solar-plus-storage projects for the commercial and industrial sectors, including so-called community solar gardens, the storage component will ensure that renewable energy is shifted to times of highest customer usage.

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