Comments on the NYSERDA NY-Sun 2.0 Petition
At the end of the third quarter 2019, New York had cumulatively installed more than 1.8 GW of solar which support nearly 10,000 jobs throughout the state. More than $5 billion has been invested in New York solar projects, and solar project prices have declined by 36 percent during the past five years. Although New York is slightly ahead of pace to meet NY-Sun’s previous goal of installing three GW of solar by 2023, the current incentive framework in place was not designed with the CLCPA’s aggressive goals in mind. Despite declining solar prices, additional incentives are needed to ensure New York hits its statutory solar target. Without additional incentive support, New York will fall short of reaching the law’s goal within the specified timeframe.