New York Leads Solar Industry
New York leads solar industry in 2017 – no doubt about that headline! New York state continues to be among the top ten states in the US in terms of its solar market. State and local incentives for solar installations continue to encourage both home and business owners to invest. Most importantly, NY state has developed policy and infrastructure to support the continued expansion of solar. Through a variety of public and private partnerships, the state’s investment in clean energy continues to impress. The New York Public Service Commission (PSC), for example, recently announced a 10-year $1 billion commitment to developing a self-sustaining solar market in New York State. The program will lead to 3,000MW of PV installations across New York State by 2022.
New York Solar Leadership Facts
Current facts related to the New York solar industry according to the Solar Energy Industry Association (SEIA) include the following:
- Solar Installed: 1,011.9 MW (293.4 MW in 2016)
- National Ranking: 10th (12th in 2016)
- State Homes Powered by Solar: 166,000
- Percentage of State’s Electricity from Solar: 0.84%
- Solar Jobs and Ranking: 8,135 (6th in 2016)
- Solar Companies in State: 746 companies total; 94 Manufacturers, 275 Installers/Developers, 363 Others
- Total Solar Investment in State: $3,252.19 million ($774.45 million in 2016)
- Price Declines: 64% over last 5 years
- Growth Projections and Ranking: 3,014 MW over next 5 years (ranks 6th)
Join the New York Clean Energy Initiative
Solar energy in NY is clearly on the move. Our state and local policy makers and our utility companies are working hard to advance solar energy in our state, and we are making great strides in terms of economic growth as a result. Venture Home Solar is proud of those accomplishments, and we stand ready to help you explore your solar options. Headquartered in Brooklyn, we only serve NYC and the surrounding areas. We’re the local experts who get jobs done quickly and cleanly – just ask your neighbors.
If you are looking to go solar with your home, learn more by contacting one of our solar experts at Venture Home Solar. NY is Solar Smart – you can be too! Find out how you can be part of the clean energy initiative in New York today!