NYSERDA will use proceeds from Regional Greenhouse Gas Initiative (RGGI) auction to fund the LIPA program starting 23 September 2013, supporting Governor Cuomo’s NY-Sun initiative.
Under the program, eligible homeowners can purchase or lease a new solar PV system and reduce the amount of electricity purchased directly from LIPA.
The program has witnessed several readjustments to rebate structure over the past year and was suspended on Labour Day weekend owing to continued high market demand and budget constraints.
Additionally, NYSERDA is seeking approval from the Public Service Commission to work with Department of Public Service and LIPA to identify the benefits of a more coordinated statewide PV incentive program. NYSERDA and LIPA are currently offering separate solar incentive programs.
LIPA COO John McMahon said that the authority has secured additional funds for its Solar Pioneer program.
"These funds will enable LIPA to re-open its residential solar rebate program making solar more affordable to our customers while sustaining a growing clean energy economy on Long Island and helping to further advance our goals under the Governor’s NY-Sun initiative," added McMahon.
