Governor of New York consolidates solar incentives under NY-Sun banner

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

The governor of New York, Andrew Cuomo, has launched the NY-Sun Initiative, a plan to consolidate the state’s existing solar incentive programmes into a single support scheme, aimed at adding 3GW of solar generation capacity by 2023.

Cuomo announced last week that current multiple incentive schemes will be incorporated into the US$1 billion NY-Sun Initiative programme. Cuomo claims that NY-Sun Initiative “will stimulate development of solar projects across this state, and sends a clear message that New York is a leader in solar energy innovation”.

Cuomo said the plan was intended to foster a self-sustaining solar industry for New York. Financial support will be provided for projects by public funds and is intended to “drive the industry to scale and reduce burdens on ratepayers”. Support paid out will vary depending on market conditions in each given region of New York, with incentives eliminated faster in areas where market conditions can support increased deployment.  

A key part of the new scheme includes the approval of a “megawatt-block” (MW block) incentive quota, as reported by PV Tech in April, when Cuomo announced the US$1 billion in funding allocated to solar support schemes would be extended to 2023. The quota would see the state of New York divided up into three regions, each with a targeted solar generation capacity to aim to install for residential PV systems of up to 25kW and small non-residential systems of up to 200kW. The MW block scheme is expected to be in place by next year.

Each of those regions, divided up into sectors and blocks, would have a set incentive level for PV systems – when that targeted quota is reached, the block would be closed off for new projects and a new block in the sector would start being filled, at a lower incentive rate than the previous one.

In addition to the MW block scheme, NY-Sun Initiative will also include other strands such as streamlining of permitting and other soft costs, which in many parts of the US is considered one of the biggest obstacles to lowering the cost of installing solar. The scheme will also include education on the benefits of solar for consumers and schools, as well as investigating how lower income New York residents can also benefit from solar.

New York State Energy Research and Development Authority (NYSERDA) will also, with the New York Power Authority, conduct research and development into how to lower costs of solar systems components – although not solar modules.

11 May 2021
Join this Talesun Solar webinar focused on providing an insight into the company’s next-generation series of large-area, high-efficiency PERC (Passivated Emitter Rear Cell) modules. These are available in both monofacial (‘BiStar’) and bifacial (‘BiPro’) formats, using 182mm half-cut cells in 144 and 156 cell configurations and provide up to 590Wp performance with efficiencies of up to 21.2%.
11 May 2021
Green Hydrogen: always the future never the now? Join us on 11-12 & 18-19 May for a fresh look at what’s fast becoming a reality. Governments across the world have put hydrogen at the centre of their decarbonisation plans with billions of dollars allocated to stimulating the market and whilst individual strategies will differ, the theme is the same: green hydrogen is the fuel of the future. Its role goes beyond energy use and there is already an active off-take market. From the perspective of renewable generators, hydrogen can play a pivotal role in enabling unsubsidised projects to work in a low power price environment and provide another business model in areas where the grid is congested. Hydrogen could also be the driver of a new wave of renewable installations as countries’ hydrogen plans hinge on new capacity being available.
26 May 2021
Tara Doyle and Tristan Erion-Lorico of PV Evolution Labs (PVEL), will share this year’s top-performing modules and discuss key findings from PVEL’s PQP testing. Join us to explore which find out which new Top Performer category can affect project value by more than $100,000 – and which test resulted in >20% degradation.
15 June 2021
Looking at the drivers and dynamics of utility scale solar in the UK over the next five years. This event will consider the immediate challenges as we enter the build phase in the UK market where we could see as much as 3GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in the UK? Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
6 July 2021
Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam.
13 July 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.

Read Next

May 7, 2021
US solar installer SunPower expects deployment to surge in the coming quarters as tailwinds and refreshed business strategy combine, despite installs within its core residential and light commercial (RLC) segment dropping in Q1 2021.
May 7, 2021
German renewables developer wpd has announced a 345MW solar development pipeline to tap into the growing Greek renewables market.
May 7, 2021
Latin America-focused solar developer Atlas Renewable Energy has obtained a US$150 million loan to finance the construction of its 359MWp Lar do Sol - Casablanca PV project in Brazil.
May 7, 2021
Danish utility giant Ørsted has completed its first utility-scale solar-plus-storage facility in the US.
May 7, 2021
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan.
May 6, 2021
Sunrun has increased its guidance for 2021 after a first quarter performance which has put the company on track to record its best ever year, CEO Lynn Jurich said.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021