Solar energy gets boost with New York state funding | Bedford Real Estate

New York’s solar energy capacity is getting an upgrade with $54 million announced by Gov. Andrew Cuomo for 79 solar projects across the state to help reduce stress on the electric grid.

The competitive funding is part of the governor’s NY-Sun initiative working to make the state a leader in solar energy by addressing climate change and boosting clean energy technologies.

“The investments we are making in solar power will help businesses around the state control and reduce their utility expenses, while increasing the amount of electricity the state gets from renewable energy and reducing demand on the electric grid,” saidFrancis Murray, CEO of the New York State Energy Research and Development Authority (NYSERDA).

The Capital Region is expected to have 10 sites that will house solar energy projects including Raymour & Flanigan stores in Clifton Park and Niskayuna. The other eight sites are to be determined.

The awards were administered by NYSERDA to 20 recipients to finance the solar energy projects that will be located in 26 counties. The sites themselves would use the solar power to drop electricity usage.

The projects are expected to add up to 64 megawatts to the state’s solar capacity. One megawatt is equal to one million watts of power. Most of the projects should be finished by the first half of next year, Cuomo said.

“Not only will these projects benefit our environment by reducing dependence on fossil fuels and using renewable energy, but they are also creating well-paying jobs for New Yorkers,” Cuomo said in a statement.

Solar energy gets boost with New York state funding – The Business Review.