The New York Public Service Commission set aside $279 million in incentives over the next five years for small-scale renewable energy projects. About $170 million of the total has been tagged for solar-technology projects. The Commission’s approval came on March 25.
Solar thermal technologies were included for the first time in the state's incentive program; about $25 million will go toward solar-thermal incentives.
If you’re thinking about a New York solar panel installation or solar thermal installation, you can now rest assured that the state incentive money is there. New York’s rebates plus federal solar rebates can add up to almost 50 percent of solar installation costs.
The new state program will provide about $1.75 per watt in incentives per project, or 30 percent less than in previous years, according to the Albany Times Union.