Kyocera Solar plans to invest in a tax equity partnership for the development of solar photovoltaic projects in New York State valued at $38 million. As part of the investment, Kyocera will supply its solar modules to U.S. Light Energy (USLE) on all installations.
USLE says it aims to provide a reduction of at least 20% in net electricity costs as compared to conventional grid electricity through its power purchase agreements. Kyocera says the partnership represents a significant investment in New York with out-of-state funds.
‘By leveraging federal tax incentives offered for solar programs, we're able to provide a more competitive price for commercial customers, encouraging more companies to utilize solar and put the savings back into growing their businesses,’ says Alex Lieb, CEO of USLE.