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Governor Cuomo Reports Astonishing Numbers For Solar in NY

Image of NYC high rise

THE SOLAR SPIKE

Recently, Governor Andrew Cuomo announced that solar energy in the state of New York has risen 795% in the last 5 years (1).

That’s a huge increase.

So just how many projects does 795% break down to? According to NYSERDA, that’s 64,936 solar installations (1). Compare that to the all-time install number in NY of 9,070 at the end of 2011, and it’s pretty clear that clean energy is taking over (1).  

barry-solar-home-pixlr

 

The real driving force behind that huge increase, is the cost of solar dropping 62% (2). Residents of NY are realizing that you don’t have to be wealthy to go solar, it’s actually incredibly affordable – especially given the different financing options that are available (including the option to go solar for $0 down).

gtm-seia-installation-chart

Image from Solar Energy Industries Association (3)

 

SOLAR FOR SCHOOLS

The big push to utilize solar energy is not just directed at homes and businesses, it’s geared towards schools too. “K-Solar Initiative”, announced in 2014 by Cuomo, is a great example of that promotion. Capitalizing on the continuing decline of solar installation costs and tax incentives, the K-Solar initiative is a joint partnership between NYPA (New York Port Authority), NYSERDA, and the Energy Department, to offer every school district free energy advisory services as well as help from school personnel to determine if solar energy is suitable and cost effective for their district. Currently, there are 200 schools registered in the program (4).

 

THE BENEFITS OF CLEAN ENERGY

Solar is one of the cleanest energy sources available, supporting broader national priorities such as climate mitigation and economic growth. The solar industry has been rapidly growing and leads the charge in improving the job market.

Since November 2010, solar jobs have increased 123% which equates to 209,000 workers in the United States (5). As non-renewable resources are depleted, the demand for renewable energy is rapidly increasing.    

The growth doesn’t look like it’s going anywhere either. With nearly 1.5 billion dollars in private investments, New York is well on its way to reaching its goal of running on 50% renewable energy by the year 2030 (1). A perfect time to be a proud resident of NY 🙂

 

 

  1. https://www.pv-tech.org/news/new-york-sees-800-surge-in-solar?utm_source=FB&utm_campaign=Feed%253A%2520GTM_Solar%2520(GTM%2520Solar)
  2. https://www.bloomberg.com/news/articles/2017-01-03/for-cheapest-power-on-earth-look-skyward-as-coal-falls-to-solar
  3. http://www.seia.org/research-resources/solar-industry-data
  4. https://www.governor.ny.gov/news/governor-cuomo-announces-solar-power-program-schools-reduce-costs-and-protect-environment
  5. https://energy.gov/articles/doe-releases-second-annual-national-energy-employment-analysis-0?utm_source=Facebook&utm_campaign=Feed%3A%20GTM_Solar%20(GTM%20Solar)