Last Week, Governor Cuomo’s 2015 Opportunity Agenda outlined an ambitious new program for New York that would finally enable all state residents to take advantage of the benefits of solar energy. The program, Shared Solar, as outlined by the governor, would allow renters and homeowners alike to connect to shared solar energy systems throughout New York, resulting in more energy savings as well as increasing the amount of clean energy in New York.
The Shared Solar program, commonly called community net metering, would allow all electricity users in the state, including renters, to subscribe to local solar energy projects of their choice. In return, they would get credit on their electricity bills corresponding to the amount of solar power generated by that particular system.
With such a high number of renters in NYC in particular, this could be a major game changer for the city’s solar energy production and its goal of becoming a clean energy city. An open solar power market means that all New Yorkers would not only be able to take advantage of the same energy savings as homeowners, but would be able to reduce their carbon footprint and play a part in becoming a cleaner, greener city.
As the solar energy sector is currently converting into a major source of economic growth around the US and worldwide, the new program proposed by the governor would also be a way to increase employment in and around New York as well as open various green investment opportunities.
Although the program is surely to be popular among renters across the state, like most government programs, the Shared Solar initiative is still in the early planning stages. Before implementing the initiative, the New York Public Service Commission (PSC) will reportedly review the program next spring to fully evaluate New York’s shared renewable energy potential.
Via Solar One