NY-Sun is part of the Governor Andrew M. Cuomo’s commitment to protect the environment and lower energy costs for all New Yorkers by improving the efficiency and reliability of the electric grid. Governor Cuomo launched NY-Sun in 2012 to increase solar electric installations in the State. In April 2014, the Governor made a historic commitment of nearly $1 billion to NY-Sun, which will significantly expand deployment of solar capacity throughout the State and transform New York’s solar industry to a sustainable, subsidy-free sector. This scale-up is projected to make the solar industry self-sufficient in New York State, no longer requiring government subsidies as the cost of solar becomes comparable to the cost of electricity from the grid.
In the first two years of NY-Sun, a total of 316 megawatts (MW) of solar electric was installed or is under contract, more than was installed in the entire prior decade. Approximately 116,000 tons of greenhouse gas emissions will be avoided with the installation of the NY-Sun projects, which is the equivalent of removing 23,000 cars from the road. The expansion of NY-Sun, announced in April 2014, is expected to result in 3 gigawatts of installed capacity by 2023. This scale-up is projected to make the solar industry self-sufficient in New York State, no longer requiring government subsidies as the cost of solar becomes comparable to the cost of electricity from the grid.
The State has redesigned its solar programs using a Megawatt (MW) Block system that provides certainty and transparency regarding incentive levels to the industry, accounts for regional market differences, and provides a clear signal to industry that New York intends to eliminate cash incentives in a reasonable time frame and allows for the elimination of those incentives sooner in regions where market conditions can support it. The State also continues to invest in ways to decrease the cost of solar electric systems by reducing “balance-of-system costs,” which includes streamlining the inspection and permitting process and reducing upfront costs of installation and solar electric components other than the solar module.