Tag Archives: New York

Energy Innovation in the Northeast Boosts the Solar Market

U.S. Department of Commerce Sets Stage for New Countervailing Duties on Chinese Solar Panels
Connecticut, Maine, Massachusetts, New Hampshire, New York, and New Jersey are pioneering some of the nation’s most interesting developments in the retail energy space today that have important implications for the solar industry. In Massachusetts, the state has built an energy portfolio that now supplies 9% of electrical consumption from new renewable sources, including 600MW … Continue reading this entry

NY Property Tax Exemption Extension for Renewable Systems

The New York legislature has passed a bill that extends a real property tax exemption for wind, solar and certain other energy systems until January 1, 2025. The bill provides that real property which includes an eligible energy system is exempt from certain real property taxes for a period of fifteen years, to the extent of any increase … Continue reading this entry

Governor Cuomo Announces Nearly $1 Billion Commitment to Long-Term Funding of Solar Energy in New York

New York Governor Andrew Cuomo announced on April 24, 2014, a nearly $1 billion commitment to further expand the state’s solar energy industry by providing long-term funding certainty with the goal of boosting existing businesses and attracting new investments to New York. The $1 billion will be committed to the NY-Sun Initiative, the public-private partnership launched … Continue reading this entry

New Renewable Power Financing and Investment Opportunities in New York as State Opens Billion Dollar Funding Initiative Through “NY Green Bank”

New York just recently opened the New York Green Bank (“NY Green Bank”), the largest of its kind in the nation. The NY Green Bank is a division of the New York State Energy Research and Development Authority and will have an initial capitalization of $210 million. This amount includes $165 million that was redirected … Continue reading this entry