Source: Joshua Pomales/Flickr/CC
Customers in Long Island, New York, that install commercial energy storage systems of up to 5MW and residential solar-plus-storage will be eligible for incentive payments of US$250 per kWh of storage installed.
That’s while a US$55 million pledge from state Governor Andrew Cuomo lasts, with close to US$15 million of funding to be spent this year and the remainder to be paid out over the next three to five years.
Cuomo said that the incentives for energy storage “will help Long Islanders grow their clean energy economy and create jobs while also improving the resiliency of their grid in the face of more frequent extreme weather events”.
Read more on our sister site Energy-Storage.News
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.