October 17, 2012 | Media Release
NYSERDA, CUNY and Con Edison Sponsor Networking Event
Nearly 300 potential new solar customers interested in large scale solar installations met up with NYC installers at the NYC Solar Connection on October 1st at Con Edison’s Manhattan headquarters. Financial incentives for large solar installations have never been better as the State of New York, through the New York State Energy Research and Development Authority (NYSERDA), is offering incentives of up to $3 million per project to building owners interested in installing solar photovoltaic (PV) systems larger than 50 kW on commercial, industrial and multifamily-residential buildings. The program is part of Governor Andrew M. Cuomo’s NY-Sun initiative to increase solar photovoltaic (PV) installations in New York State. City incentives include the NYC property tax abatement for solar, originally put in place in 2008. This popular incentive has spurred exponential growth of solar capacity in NYC and has recently been extended through 2014.
Building owners must team with PV installers who are experienced with these type and size systems (above 50kW) as part of submitting a proposal to the NYSERDA program. With near-term projects preferred, NYSERDA, CUNY, and Con Edison organized the free afternoon event so building owners could meet experienced installers, who set up booths to showcase their expertise and past projects. A workshop for qualified installers was conducted in conjunction with the event in the morning.
Checking their buildings potential on the NYC Solar Map, many attendees were surprised and pleased to discover that the payback time for investing in solar is often five to seven years when the incentives are factored in. The Map is an online, interactive tool that estimates the solar power potential for the one million rooftops in the five boroughs and was developed by CUNY, with the support of the U.S. Department of Energy, NYSERDA and New York Mayor Michael Bloomberg’s office, with technical assistance provided by Con Edison.
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