New York Governor Andrew M. Cuomo announced a $60 million investment to support the Long Island solar industry’s transition to PSEG Long Island, as part of the statewide NY-Sun Initiative.
NYSERDA will more than double the proposed NY-Sun Initiative allocation for the Long Island region from $28 million to $60 million. The maximum size of the photovoltaic system (PV) eligible for incentives will increase from 10-kW to 25-kW for residential homes and 100-kW to 200-kW for commercial businesses.
In addition, NYSERDA will also launch its Megawatt Block program, which allocates megawatts to specific regions of the State; breaks those regional megawatts targets into blocks where incentives will be assigned.
PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a 12-year contract.