New York Solar Companies Receive $30 Million Investment From NYSERDA

Posted by SI Staff on January 17, 2012 No Comments
Categories : New & Noteworthy

The New York State Energy Research and Development Authority (NYSERDA) and the state Public Service Commission (PSC) have awarded $30 million to help fund large-scale solar power projects that will assist facilities in New York City and the lower Hudson Valley generate electricity for their own use.

The money was awarded to solar installers, solar developers and real estate owners, including Alteris Renewables Inc., altPOWER, Bright Power, ConEdison Solutions Inc., Earthkind Energy Inc., Martifer Solar USA, OnForce Solar Inc., Ross Solar Group LLC, SolarCity, Solar Energy Systems LLC, Solartech Renewables, SunEdison, SUNation Solar Inc., SunRay Power and MS Harrison LLC.

The projects were selected through a competitive process. The NYSERDA incentive pays up to 50% of the cost of a project, up to $3 million.

The $30 million represents the first of five years of planned funding under a $150 million Customer-Sited Tier Regional Program. This program was launched in mid-2011 to encourage large businesses, colleges and universities, schools and other large buildings to take advantage of renewable energy incentives specifically for New York City and the lower Hudson Valley.

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