Friday, August 17, 2018 11:52:10 AM
New York Solar
Solar Installed (MW): 1,377.33
National Ranking: 11th (12th in 2017)
State Homes Powered by Solar: 228,898
Percentage of State's Electricity from Solar: 1.14%
Solar Jobs: 9,012
Solar Companies in State: 768 (95 Manufacturers, 291 Installers/Developers, 374 Others)
Total Solar Investment in State $3,810.09 million
Prices have fallen 53% in the last five years
Growth Projection and Ranking: 2,981 MW over the next 5 years (ranks 7th)
Number Of Installations 98,667
New York has a considerable amount of solar potential and has consistently been in the top 10 US solar markets. Pursuant to Governor Cuomo’s stated commitment to the NY-SUN initiative, the New York Public Service Commission (PSC) recently announced a 10-year $1 billion commitment to developing a self-sustaining solar market in New York State. The program will lead to 3,000MW of PV installations across New York State by 2022. The state has other policies in place to promote solar investment, including a feed-in tariff through Long Island Power Authority (LIPA) and net metering. Through its Reforming the Energy Vision docket, the Commission reviewing the regulatory and market environment needed to encourage a more efficient electricity system, including increased amounts of distributed generation.
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