Understanding Future Uses of Roofspace and Defining An Early Path to Profitable Roof Estate Investing
July 21st, 2023
Via Environmental Leader, a report on the largest rooftop solar project in New York State:
The largest rooftop solar project in New York State, located on the Medline Industries distribution center, reached completion and will now power over 1,600 homes annually.
The center produces 7.2 megawatts of solar energy, generated from more than 17,000 panels. It will create 8.5 million kilowatt hours of clean power per year, reducing carbon emissions by about 6,000 metric tons annually.
New York’s Climate Act Goal aims to install 6 gigawatts of solar by 2025 and works to achieve equitable access to clean energy. This major project allows New York residents to both opt to use clean energy and lower their energy costs.
“New York continues to be an example to other states with our aggressive development of renewable energy, and our commitment to clean, affordable solar is key to us successfully building a zero-emission electricity grid,” said Gov. Kathy Hochul. “The completion of this project marks another major milestone in the Empire State and reflects a successful trend of private investment in community-centered projects that are now at the heart of our clean energy transition.”
Support for Clean Energy and Community Solar, Combined Private and Government Investment
The $8 million project was partly funded by about $5 million in investment from PowerFlex, national provider of clean energy sources for commercial use. The New York State Energy Research and Development Authority provided an additional $3 million to the project through the NY-Sun initiative.
Support for community solar projects such as this one allows homeowners and renters to access the many benefits of solar energy without installing solar panels on their homes. As the solar industry rapidly grows, attention has been drawn to making the technology more affordable. The large majority of households installing solar have an annual income of more than $75,000 as the cost of solar panels and installment remains high.
Community solar projects instead distribute solar energy directly into the electric grid, to be used by nearby homes and businesses. This way, users may access solar energy from their regular energy provider.
New York is now the top community solar market in the U.S. Within the state, the industry has grown solar access by more than 3,000% since 2012, providing jobs to 13,400 people across the state, and lowering the cost of solar by 72%.
This entry was posted on Friday, July 21st, 2023 at 10:26 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has held a lifelong interest in environmental and conservation issues, primarily as they relate to freshwater scarcity, renewable energy, and national park policy. Working from a water-scarce base in Las Vegas with his wife and son, he is the founder of Water Politics, an organization dedicated to the identification and analysis of geopolitical water issues arising from the world’s growing and vast water deficits, and is also a co-founder of SmartMarkets, an eco-preneurial venture that applies web 2.0 technology and online social networking innovations to motivate energy & water conservation. He previously worked for an independent power producer in Central Asia; co-authored an article appearing in the Summer 2010 issue of the Tulane Environmental Law Journal, titled: “The Water Ethic: The Inexorable Birth Of A Certain Alienable Right”; and authored an article appearing in the inaugural issue of Johns Hopkins University's Global Water Magazine in July 2010 titled: “H2Own: The Water Ethic and an Equitable Market for the Exchange of Individual Water Efficiency Credits.”