The New York State Public Service Commission (PSC) has authorized the New York State Energy Research and Development Authority (NYSERDA) to increase the maximum incentive amount for its on-site wind energy program from the current $400,000 to $1 million per installation.
The on-site wind energy program has been a part of the state's renewable portfolio standard since 2004. In 2011, the PSC modified the equipment-size cap for on-site wind installations from 600 kW to 2 MW in order to be consistent with net-metering laws and to boost on-site wind program participation.
The PSC says it increased the funding cap in order to respond to market conditions and assist with the development and construction of these larger installations, the PSC says.
"Since the inception of New York's renewable energy program, the customer-sited tier has been an important component in encouraging customers to install their own behind-the-meter renewable energy production systems," says PSC Chairman Garry Brown. "Increasing the funding cap for on-site wind projects reflects the need to respond to market conditions in order to advance additional renewable energy projects."
