NYSERDA has announced $60 million in available incentives for the latest round of its NY-Sun Competitive PV Program for large solar systems. Applicants are invited to submit proposals for the installation of customer-sited PV projects over 200 kW in size. Qualified applicants will be competitively selected based on their incentive bid in dollars per kilowatt hour ($/kWh). See below for more information. Contact us to find out if your New York property is a good fit for this incentive Program. NYSERDA Competitive PV Solicitation: • The current solicitation has been designated Program Opportunity Notice (PON) 2956 • All PV equipment must be electrically interconnected on the customer side of a utility meter installed at a site that pays the Renewable Portfolio Standard/System Benefits Charge as part of its electrical bill. Customers of the following electric distribution utilities may be eligible for incentives through this program: o Central Hudson Gas & Electric o Consolidated Edison o New York State Electric & Gas o Orange & Rockland Utilities o Rochester Gas & Electric • Unlike previous solicitations, projects located in all New York Independent System Operator (NYISO) load zones are eligible • Incentives are paid out over two years, with 30 percent awarded at project completion
• There are additional incentive tie-ins for strategic locations, energy efficiency integration, or energy storage integration Key Requirements: • Projects must be at least 200 kW in size and may not exceed 110% of the site’s historical annual net grid supplied consumption • The incentive for any project cannot exceed 50 percent of project installed costs • Must reach commercial operation on or before April 30, 2016 Timing: Applications are due July 17, 2014 Note: Gov. Cuomo has also recently announced a nearly $1B commitment to NY-Sun and the Public Service Commission (PSC) approved an order to transition NYSERDA’s programs to a “Megawatt Block” structure with declining incentive rates, similar to the successful California Solar Initiative. Look for future updates from Alta Energy regarding implementation details and timing.
This Incentive Alert is provided for information purposes only and is not intended to modify or replace the information provided by the program administrators. It does not represent a guarantee of incentive availability or applicability to any specific property or project.
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