New York sets aside $40 million to support solar+storage projects

New York Governor Andrew M. Cuomo announced that $40 million will be made available to support solar projects that integrate energy storage, accelerating progress toward New York’s energy storage target of 1,500 MW by 2025. These projects will build toward Governor Cuomo’s mandate that 50% of the state’s electricity come from renewable sources by 2030 to combat climate change and build a cleaner, more resilient and affordable energy system.

“As we continue our aggressive pursuit of clean, renewable technologies, funding for projects like this will ensure New York remains at the forefront of the global fight against climate change,” Governor Cuomo said. “The strategic pairing of energy storage and solar technologies moves us closer to building a clean energy economy that protects critical natural resources and benefits all New Yorkers.”

This announcement was made at the Alliance for Clean Energy – New York (ACE-NY) annual conference in Albany. This funding represents a continued commitment by the state to ensure the rapid growth of the evolving solar industry energy is paired with innovative storage technology that will significantly reduce emissions and provide additional benefits to the electric grid. As New York adds more renewable energy to the grid, storage will play an increasingly important role in improving the efficiency and reliability of the grid for all New Yorkers.

To help jumpstart New York’s energy storage efforts, the NY-Sun program will make $40 million available in early November for the development of solar+storage projects. This funding will accelerate the deployment of at least 50 MW of energy storage paired with solar, and reduce barriers to deployment of this clean energy technology associated with customer acquisition, siting, and interconnection.

These funds will be the first storage incentive funds made available since the release of the New York State Energy Storage Roadmap in June. By offering a new incentive for solar+storage projects for the commercial and industrial sectors, including so-called community solar gardens, the storage component will ensure that renewable energy is shifted to times of highest customer usage, such as afternoon hours on summer days. Solar+storage helps reduce consumer energy bills and improves the value of renewable energy to the grid. In addition, paired solar and storage systems can deliver lower costs to consumers by taking advantage of expiring federal tax credits, combining the permitting and interconnection processes, and utilizing less space by co-locating on the same sites.

Richard Kauffman, Chair of Energy and Finance for New York State said, “Energy storage will advance even more solar and other distributed energy resources across New York as it improves New York’s electric grid and increases the use of renewable electric to power commercial and industrial businesses. Under Governor Cuomo, New York is building a clean energy economy by promoting innovative technologies under Reforming the Energy Vision and creating new business opportunities while lowering the costs of renewable energy and combatting climate change.”

To ensure that communities are informed about the benefits of co-locating storage with solar systems and prepared to review the zoning and local tax implications of these projects, NYSERDA will be performing outreach to communities where projects are proposed and will be providing technical resources, including adding an energy storage chapter to the solar guidebook for communities.

News item from NYSERDA

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