New York invests $200 million in solar energy projects
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New York State committed $200 million from its Sustainable Future Program to build 565 megawatts of solar energy capacity across the state.
The New York State Energy Research and Development Authority (NYSERDA) will distribute the funds through the NY-Sun Program after projects are finished. NYSERDA plans to allocate roughly $116 million to large commercial and community solar installations, expecting to generate around 450 megawatts of power.
Another $31 million will fund midsize commercial, government, and apartment building rooftop projects, creating 75 megawatts of capacity. The program prioritizes innovative installations on sites like carports, brownfields, landfills, and farmland combined with solar panels, as well as affordable housing. In addition, $20 million will help low- and moderate-income homeowners install solar panels, focusing on those with high energy costs. NYSERDA will also reserve approximately $33 million as flexible funding to support areas with the most significant demand.
