Through PowerUp Long Island, state agencies will work with Long Island energy companies to advance clean energy development and deployment.
On August 22, 2014, New York Governor Andrew M. Cuomo announced the launch of PowerUp Long Island, a collaboration of state energy agencies and local utilities to boost clean and renewable energy development in Long Island. The New York State Energy Research and Development Authority (NYSERDA) and New York Power Authority (NYPA) will coordinate the initiative, which is designed to support ongoing progress in clean energy integration, to facilitate efficient, reliable, and affordable energy systems.
NYSERDA highlighted ongoing efforts through certain programs already announced under PowerUp Long Island. The NY-Sun Incentive Program, launched on August 21, involves collaboration of NYSERDA and PSEG Long Island to stimulate solar industry growth. The On-Bill Recovery Program provides a convenient financing option for energy improvement projects, allowing eligible residential and small business customers to repay loans through installment charges on their electricity bills. The NY Rising Community Reconstruction Program is working with Long Island localities to enhance community resilience.
Illustration of On-Bill Recovery Program – Monthly Savings from Solar Installation (empower-solar)
According to NYSERDA, Long Island is at the forefront of clean energy adoption, representing 45 percent of New York’s total solar capacity with more than 8,500 customers. Among other efforts, K-Solar is addressing technical and contractual challenges of solar installation in school districts through NYSERDA-NYPA collaboration. PowerUp Long Island will support the region’s continued leadership by bringing together public and private sector resources to implement new initiatives and innovative programs. It will provide leading-edge clean energy systems facilitated by long-term planning and targeted investments.
NYSERDA also announced a partnership between NYPA and SUNY’s Stony Brook University on a new energy performance contracting method that leverages private sector expertise and public sector credit ratings. Stony Brook has contracted with a private company for a $11.4M energy performance project involving efficiency upgrades with financial support from NYPA. The arrangement enables Stony Brook to utilize top-grade private sector expertise and low-cost financing provided by NYPA’s excellent credit rating.
Originally published by EnerKnol.
Founded in 2011, EnerKnol provides U.S. energy policy research and data services to support investment decisions across all sectors of the energy industry. Headquartered in New York City, EnerKnol is proud to be a NYC ACRE company.
