New York ramps up solar incentives

By Bill Opalka, Renewablesbiz:

Solar energy will be more affordable for homes and businesses in New York after Gov. Andrew Cuomo signed a series of bills that extend tax credits, exempt sales taxes and offer tax abatements, state officials say.

“The bills signed (Aug. 17) continue to build momentum for the state’s NY-Sun Initiative by accelerating the installation of solar power while making it a more affordable option for residents and businesses,” Governor Cuomo said. “Together with other NY-Sun incentives, these bills demonstrate the state’s commitment to reducing energy costs, growing our green energy sector, creating jobs, and protecting the environment.”

NY-Sun calls for the installation in 2012 of twice the customer-sited solar electricity capacity that was added during 2011, and quadruples that amount in 2013… Read more

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