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Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

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Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

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Via GTM:New York’s Long Island Power Authority this week upped the incentives offered to community solar projects in its territory, providing some concessions to solar developers but ultimately falling short of what the industry said it needed to provide the certainty to finance projects there. Going forward, LIPA will offer a 5-cent-per-kilowatt-hour “community credit,” up from the planned 2.25-cent credit, for all community solar projects. As further encouragement, community solar projects under 750 kilowatts will also get a $200-per-kilowatt rebate. The credit will increase the value that community solar projects receive under New York’s Value of Distributed Energy Resources tariff, which quantifies project incentives based on a complex formula of stacked benefits including location and demand reduction. Long Island’s community solar market began using the VDER calculations in January.Link

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Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

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Clean energy news and insight delivered to your inbox.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Via GTM:New York’s Long Island Power Authority this week upped the incentives offered to community solar projects in its territory, providing some concessions to solar developers but ultimately falling short of what the industry said it needed to provide the certainty to finance projects there. Going forward, LIPA will offer a 5-cent-per-kilowatt-hour “community credit,” up from the planned 2.25-cent credit, for all community solar projects. As further encouragement, community solar projects under 750 kilowatts will also get a $200-per-kilowatt rebate. The credit will increase the value that community solar projects receive under New York’s Value of Distributed Energy Resources tariff, which quantifies project incentives based on a complex formula of stacked benefits including location and demand reduction. Long Island’s community solar market began using the VDER calculations in January.Link

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Introducing Your New Billing Portal

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Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

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Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

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Coming Soon to a Classroom Near You!

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No items found.

Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

Download resource

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
News
No items found.

Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

Via GTM:New York’s Long Island Power Authority this week upped the incentives offered to community solar projects in its territory, providing some concessions to solar developers but ultimately falling short of what the industry said it needed to provide the certainty to finance projects there. Going forward, LIPA will offer a 5-cent-per-kilowatt-hour “community credit,” up from the planned 2.25-cent credit, for all community solar projects. As further encouragement, community solar projects under 750 kilowatts will also get a $200-per-kilowatt rebate. The credit will increase the value that community solar projects receive under New York’s Value of Distributed Energy Resources tariff, which quantifies project incentives based on a complex formula of stacked benefits including location and demand reduction. Long Island’s community solar market began using the VDER calculations in January.Link

News
No items found.

Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

Via GTM:New York’s Long Island Power Authority this week upped the incentives offered to community solar projects in its territory, providing some concessions to solar developers but ultimately falling short of what the industry said it needed to provide the certainty to finance projects there. Going forward, LIPA will offer a 5-cent-per-kilowatt-hour “community credit,” up from the planned 2.25-cent credit, for all community solar projects. As further encouragement, community solar projects under 750 kilowatts will also get a $200-per-kilowatt rebate. The credit will increase the value that community solar projects receive under New York’s Value of Distributed Energy Resources tariff, which quantifies project incentives based on a complex formula of stacked benefits including location and demand reduction. Long Island’s community solar market began using the VDER calculations in January.Link

News
No items found.

Long Island Boosts Credit Offered to Community Solar Developers

February 12, 2020

Via GTM:New York’s Long Island Power Authority this week upped the incentives offered to community solar projects in its territory, providing some concessions to solar developers but ultimately falling short of what the industry said it needed to provide the certainty to finance projects there. Going forward, LIPA will offer a 5-cent-per-kilowatt-hour “community credit,” up from the planned 2.25-cent credit, for all community solar projects. As further encouragement, community solar projects under 750 kilowatts will also get a $200-per-kilowatt rebate. The credit will increase the value that community solar projects receive under New York’s Value of Distributed Energy Resources tariff, which quantifies project incentives based on a complex formula of stacked benefits including location and demand reduction. Long Island’s community solar market began using the VDER calculations in January.Link

Related

See All

News

Introducing Your New Billing Portal

News

Introducing Your New Billing Portal

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Madison Energy Infrastructure Celebrates 150th Solar School Project, Marks Milestone with Educational Event at Newark Global Studies High School

News

Coming Soon to a Classroom Near You!

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Coming Soon to a Classroom Near You!

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Solutions
MEI+For CustomersFor PartnersSpotlights
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AboutResourcesContact
Locations
New York
110 Greene Street, Suite 301
New York
,
NY
10012
Southeast
190 19th Street N., Suite 2009
Birmingham
,
AL
35210
D.C. / Northern VA
8484 Westpark Dr., Suite 720
McLean
,
VA
22102
Richmond
1419 W Main Street
Richmond
,
VA
23220
Greater Philadelphia Office
215 Executive Drive
Moorestown
,
NJ
08057
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