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Month: January 2016

Governor Cuomo Launches $5 Billion Clean Energy Fund To Grow New York’s Clean Energy Economy

Clean Energy Fund will advance solar, wind, energy efficiency and other clean tech industries to spur economic development and reduce harmful emissions

 

(New York, NY) Governor Andrew M. Cuomo today announced the New York State Public Service Commission’s approval of a 10-year, $5 billion Clean Energy Fund to accelerate the growth of New York’s clean energy economy, address climate change, strengthen resiliency in the face of extreme weather and lower energy bills for New Yorkers starting this year. Additionally, the fund will attract and leverage third-party capital to support the Governor’s aggressive Clean Energy Standard, one of the nation’s most ambitious goals to meet 50 percent of our electricity needs with renewable resources by 2030.

 

environment-benefits“New York is a national leader in combating climate change and growing the clean energy economy – and today we are taking the next big step forward,” Governor Cuomo said. “This unparalleled $5 billion investment will leverage more than $29 billion in private sector funding and open the door to new clean energy opportunities for years to come. We are raising the bar when it comes to increasing the use of renewable energy and reducing harmful carbon emissions, and I am proud that the Empire State is continuing to set the example for the future.”

The $5 billion Clean Energy Fund, to be administered by the New York State Energy Research and Development Authority, builds on the progress the state is already making in developing a robust clean tech sector. The fund is projected to result in more than $39 billion in customer bill savings over the next 10 years through innovative projects and private-public partnerships focused on reducing greenhouse gas emissions, making energy more affordable through energy efficiency and renewable energy, and mobilizing private-sector capital. In addition to the $39 billion in overall customer savings, as a result of this Public Service Commission action, consumers and businesses are expected to see lower costs of $1.5 billion over the next 10 years, including an immediate reduction of $91 million from 2016 electric and gas costs compared to 2015.

Consumers and businesses can expect to see lower utility costs this year.

 

The fund will operate four major portfolios:
 

  • Market Development($2.7 billion): NYSERDA will undertake a variety of activities to stimulate consumer demand for clean energy alternatives, energy efficiency while helping to build clean energy supply chains to meet that growing customer demand. At least $234.5 million must be invested in initiatives that benefit low-to-moderate income New Yorkers during the first three years of the fund;
  • NY-Sun($961 million): The fund finalizes the funding and confirms the long-term commitment for NY-Sun and for the growing solar electric market and industry in New York State, by supporting rapid and continued cost reduction. This will continue to make solar energy more affordable and accessible for residential and commercial solar customers, and will drive the growth of the solar industry in New York, which currently employs more than 7,000 people across 538 solar companies in the state;
  • NY Green Bank($782 million): To leverage private sector investment, expand the availability of capital and increase confidence in lending for clean energy projects, the fund will complete the capitalization of the innovative NY Green Bank. The fund will increase the NY Green Bank’s total investment to $1 billion and will leverage an estimated $8 billion in private investment;
  • Innovation and Research($717 million): As New York State moves to a cleaner, more efficient, and more widely distributed energy system, the Clean Energy Fund will help spur innovations through research and technology development that will drive clean-tech business growth and job creation while providing more energy choices to residential and business customers.

 

New York State Chairman of Energy and Finance Richard Kauffman said, “The Clean Energy Fund will achieve greater customer savings and stimulate more demand for — and private investment in — renewable energy and energy efficiency projects, furthering the Governor’s Reforming the Energy Vision strategy. By acting today and not tomorrow, we ensure our grid will be modernized and strengthened as we also lower New Yorker’s electricity rates by implementing the most cost-effective solutions to meet our challenges.”

 

At last week’s State of the State address, Governor Cuomo officially proposed the creation of a Clean Energy Standard and directed the Public Service Commission to establish enforceable mandates for renewable power by June. The Commission today approved a public process to adopt a Clean Energy Standard that will also include a separate support mechanism for upstate nuclear power plants. Since nuclear facilities do not produce greenhouse gas emissions, they will help the State transition to a future under the Clean Energy Standard without losing ground on emission reductions statewide.

 

The Commission also took other groundbreaking steps today to advance Governor Cuomo’s Reforming the Energy Vision Strategy, or REV, by directing major electric and gas utilities to develop new, cutting-edge energy efficiency programs, on both a regional and statewide basis. It also established a benefit-cost analysis framework for evaluating new energy proposals, such as smaller, cleaner power plants, to determine whether they meet the energy- and cost-saving goals of REV.

 

The Clean Energy Fund supports the environmental goals of both REV and the Clean Energy Standard by reducing an estimated 133 million tons of carbon emissions (the equivalent of removing 1.8 million cars from the road). Energy efficiency and other priority initiatives of the fund are also expected to save 10.6 million MWh of electricity and 13.4 million MMBtu of fuel consumption overall.

 

New York State Public Service Commission Chair Audrey Zibelman said, “Under the Clean Energy Fund, every dollar of clean energy spending will achieve greater savings and enhance private investment, spurring innovation and new technologies that will bring more choices and value to New York consumers. We will build on the success of previous energy-development programs in a way that meets evolving customer and market needs and transition away from approaches that rely almost exclusively on ratepayer subsidies, which is unsustainable if we are to meet our ambitious goals in the long-run.”

 

NYSERDA President and CEO John B. Rhodes said, “The Clean Energy Fund allows the State to make faster and greater progress towards Governor Cuomo’s State Energy Plan and Clean Energy Standard goals, while reducing ratepayer collections. It also creates the demand for clean energy and the certainty we need to accelerate the growth of a dynamic clean tech economy that stimulates private investment and job creation.”

 

New York State Department of Environmental Conservation Acting Commissioner Basil Seggos said, “Through Governor Cuomo’s leadership, New York State is a national model in investing in renewable energy and addressing climate change. The Clean Energy Fund will allow New York to build a clean tech industry while furthering its efforts to reduce greenhouse gas emissions and provide utility savings for New Yorkers.”

 

In today’s Clean Energy Fund order, the Commission also allocated $150 million for the development of new Large Scale Renewables power projects in 2016. As the Commission develops a Clean Energy Standard, it will create new incentives for large scale renewables and a new mechanism to prevent the premature retirement of safe, upstate nuclear power plants during this transition.

 

In addition, the Commission ruled that the Clean Energy Standard should include non-emitting generation resources, like the nuclear power facilities in upstate New York. Without these plants, the state would lose some of the emission reductions already achieved by the state and possibly lead to an increase of more than 12 million metric tons of carbon dioxide.

 

To complement further programs supported by the Clean Energy Fund, the Commission is directing that each investor-owned utility seek to improve their own energy-efficiency programs to better engage customers and meet the overall goals of the Clean Energy Standard and the State Energy Plan. Energy-efficiency programs offered by major utilities are poised to offer greater value and new, cost-saving services to consumers under streamlined rules approved today. Along with NYSERDA’s 10-year, $5 billion Clean Energy Fund, utilities will now develop energy-efficiency programs that will achieve greater market-wide efficiency savings, target specific needs in the state and depend less on direct ratepayer support.

 

NYSERDA will continue to offer energy-efficiency programs designed for low-income customers. However, the utilities and NYSERDA are directed to actively evaluate and develop innovative programs that reach deeper into low-income communities.

 

Reforming the Energy Vision (REV) is New York Governor Andrew M. Cuomo’s strategy to build a clean, resilient and affordable energy system for all New Yorkers. REV is transforming New York’s energy policy with new state-wide initiatives and regulatory reforms. REV will grow the state’s clean energy economy, support innovation, ensure grid resilience, mobilize private capital, create new jobs, and increase choice and affordability for energy consumers. REV places clean, locally produced power at the very core of New York’s energy system. This protects the environment and supports the State’s goal to reduce greenhouse gas emissions by 40 percent while generating 50 percent of its electricity from renewable energy sources by 2030. Successful initiatives already launched as part of REV include NY-Sun, NY Green Bank, NY Prize, K-Solar, and a commitment to improve energy affordability for low-income communities. To learn more about REV, visit www.ny.gov/REV4NY and follow us @REV4NY.

PSEG Long Island Helps Customers Go Green and Save Green

Energy Efficiency Programs Save Customers Millions of Dollars

 

(Long Island, NY) PSEG Long Island announced today that customers participating in energy efficiency programs in 2015 will save more than $60 million and 307,582,000 kilowatt hours (kWh) per year. The amount of energy saved is good for the environment, too, as it results in the elimination of the carbon dioxide emissions of the total energy consumed by more than 19,300 average Long Island homes.

 

AFDF-Energy-Effeciency“We work hard every day to help our customers understand that the cheapest, cleanest energy is the energy that they don’t use,” said Dan Eichhorn, vice president of customer services, PSEG Long Island. “We offer award winning energy efficiency programs and we make sure our customers know that we can help them reap all of the rewards – saving money and protecting the environment for future generations.”

 

PSEG Long Island offers rebates on a variety of ENERGY STAR® products. In 2015, residential customers purchased more than 3 million ENERGY STAR light bulbs and fixtures with incentives provided by PSEG Long Island. By upgrading a single incandescent light bulb to a LED, customers can save approximately $230 over the lifetime of each bulb.

 

More than 12,000 residential customers took advantage of the rebates on many ENERGY STAR certified washers, dryers, refrigerators and more. Along with participating in the rebate programs, more than 34,000 PSEG Long Island customers scheduled an in-home energy assessment or completed one online themselves. Customers also recycled more than 5,000 appliances, including old working refrigerators, freezers, room air conditioners and dehumidifiers. Combined, all of the residential programs will save customers nearly 200 million kWh and $40 million per year.

 

Residential customers were not the only customers to save money and energy in 2015. Commercial customers completed more than 3,200 energy efficient projects, resulting in savings of more than 112 million kWh and electric bill savings of $20 million per year. Approximately 2,200 of the completed projects were for small- and medium-sized businesses. The Commercial Efficiency Program provides businesses with a solution to save energy and lower operating costs, freeing up capital to improve the bottom line.

 

Eichhorn continued, “Each of these projects benefits the companies financially and helps to protect the environment from additional greenhouse gas emissions. The Commercial Efficiency Program in 2015 eliminated greenhouse gas emissions equivalent to 16,000 passenger cars not driven for one year.”

 

PSEG Long Island’s Energy Efficiency Programs provide residential and commercial customers with energy efficient solutions to help Long Islanders save energy, and often lead to greater comfort, convenience, and profitability.

 

Independent annual evaluations by Opinion Dynamics Corporation have found PSEG Long Island’s Energy Efficiency and Renewable Energy Programs to generate energy savings that are cost-effective. In their evaluation for 2014, Opinion Dynamics found that the Commercial Efficiency Program has a benefit/cost ratio of 3.2, which means that the program generated $3.20 in benefits to the utility and its ratepayers for every $1.00 in costs to operate the program, including rebates.

 

For more information on PSEG Long Island’s available residential and commercial rebates and incentives, as well as energy saving tips, please visit https://www.psegliny.com/savemoney.

 

PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a 12-year contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Incorporated (NYSE:PEG), a publicly traded diversified energy company with annual revenues of approximately $11 billion.

Governor Cuomo Announces First Solar Schools Project At The New York Institute For Special Education In The Bronx

Governor Cuomo’s K-Solar Program Increases Use of Renewable Energy in Schools

 

(New York, NY) Governor Andrew M. Cuomo today announced the New York Institute for Special Education in the Bronx will be the site of the state’s first solar schools project and will have solar panel arrays installed thanks to a power purchase agreement with SolarCity. This public-private partnership is the first such agreement under the Governor’s K-Solar program, which is designed to increase the use of renewable energy at public school districts and nonprofit schools across the state. As part of the agreement, the project will receive free technical assistance from the New York Power Authority and is eligible for approximately $65,000 in incentives from the Governor’s $1 billion NY-Sun initiative.

 

solar-panel“This project is demonstrating how our collaborative, innovative approach to modernizing New York’s energy infrastructure is making a difference for New Yorkers,” said Governor Cuomo. “Through the K-Solar program, the state is enabling schools to create greener communities and reduce energy bills by taking advantage of cost-effective solar power. As schools begin to realize the utility savings to be had through this program, they can begin to put those dollars back in the classroom where they belong.”

 

To view a short video about the project at the New York Institute for Special Education, click here.  K-Solar provides registered public and private schools with free ongoing advisory services, solar site assessments and energy analysis, technical and administrative support and an expedited permitting process. Since it launched last year, school districts in 59 of the State’s 62 counties have registered with K-Solar. The initiative is a public-private partnership between the New York Power Authority and the New York State Energy Research and Development Authority in collaboration with competitively-selected private sector solar developers.

 

Lieutenant Governor Kathleen C. Hochul said, “Under Governor Cuomo’s leadership, New York is showing the nation and the world what is possible by taking historic actions to reduce emissions. Providing cost-effective access to solar energy at hundreds of schools is a major step forward, not only for educators, students and their parents, but also for communities across our great state. This will propel New York State to the forefront of the new green economy and bring the potential for thousands of new jobs.”

 

K-Solar works in tandem with Community Solar NY, a program launched last year to encourage projects known as “Solarize” campaigns-community-organized efforts to gain a critical mass of area homes and businesses to install solar and share significant cost savings. Both programs are a part of Governor Cuomo’s $1 billion NY-Sun initiative to significantly expand the deployment of solar power statewide.

 

Schools interested in registering with K-Solar will pay no upfront costs for the installation of solar electric systems in return for signing an 18-year contract with a pre-qualified solar developer-either SunEdison or SolarCity, depending on the region–to buy the power that the solar panels generate. K-Solar guarantees that districts will pay below prevailing market rates over the term of the contract, providing greater certainty about their energy costs over an extended period. The program is expected to help schools save money, lower their carbon footprints, provide educational opportunities for their students and further the installation of solar energy in communities.

 

New York State Chairman of Energy and Finance Richard Kauffman said, “Scaling and building solar power in our schools creates a gateway for bringing solar into our communities more broadly. Once residents and business owners see the benefits of solar, they become much more likely to make the move themselves. The K-Solar program gives us an opportunity to start meeting Governor Cuomo’s ambitious clean energy targets right away while also accelerating the process through rapid adoption elsewhere.”

 

K-Solar is a core component of New York’s Reforming the Energy Vision strategy and supports the Governor’s requirement that New York State meet 50 percent of our electricity needs with renewable resources by 2030. The program also supports the goals of Governor Cuomo’s Science, Technology, Engineering and Math learning initiatives by enhancing student awareness of energy efficient and renewable technologies, promoting student engagement in clean technology and increasing interest in career opportunities in the energy field. Registered schools receive solar technology curricula, clean-energy training for teachers and other educational materials.

 

New York Power Authority President and CEO Gil C. Quiniones said, “In less than a year, hundreds of districts have enthusiastically embraced the prospect of solar power as a viable energy choice for their schools. By using K-Solar, schools have a unique opportunity to leverage resources from NYPA to demonstrate the benefits of solar to their communities without making a significant capital investment for solar generating equipment. The result will help transform how New Yorkers think about and use electric power.”

 

NYSERDA President and CEO John B. Rhodes said, “K-Solar offers a great lesson in how school districts can partner with the State to reduce reliance on the electric grid while teaching students about the benefits of renewable resources. The program directly supports the goals of REV by expanding electricity production at customer sites where it can take pressure off the grid and increase clean energy resources in the State.”

 

New York State Education Commissioner MaryEllen Elia said, “Having solar panels and other technologies associated with K-Solar in our schools provides an interactive learning experience with renewable energy. K-Solar helps to spark innovative problem-solving and provides teachers with the opportunity to teach concepts in science, technology, engineering, and mathematics (STEM) to pique student interest in these critical subjects.”

 

New York Institute for Special Education Executive Director Bernadette Kappensaid, “K-Solar gives the Institute an opportunity to lower its carbon footprint and be a part of New York State’s plan to increase clean energy sources while saving on costs. The solar curriculum will promote STEM-based learning for students with visual impairments and students with emotional disabilities. We are celebrating 185 years of providing educational programs and being selected to participate in this project is a highlight of this important year.”

 

Assemblyman Mark Gjonaj said, “I am proud of The New York Institute of Education for taking advantage of Governor’s Cuomo’s solar panel program. This sets a positive example of the progressive initiatives we need to take to continue to preserve our environment and reduce our carbon footprint. I am excited that this will forever be a learning tool for our youth and generations to come.”

 

Bronx Borough President Ruben Diaz Jr. said, “I want to thank the New York Power Authority (NYPA), the New York State Research and Development Authority (NYSERDA), and especially New York Institute of Special Education, who are the first school to sign on Governor Cuomo’s K-Solar program. Not only is this program helping The Bronx and New York City become greener, but the education component of the K-Solar program also helps our future leaders and scientists jump to the forefront of this burgeoning technology.”

 

Reforming the Energy Vision (REV) is New York Governor Andrew M. Cuomo’s strategy to build a clean, resilient and affordable energy system for all New Yorkers. REV is transforming New York’s energy policy with new state-wide initiatives and regulatory reforms. REV will grow the state’s clean energy economy, support innovation, ensure grid resilience, mobilize private capital, create new jobs, and increase choice and affordability for energy consumers. REV places clean, locally produced power at the very core of New York’s energy system. This protects the environment and supports the State’s goal to reduce greenhouse gas emissions by 40 percent while generating 50 percent of its electricity from renewable energy sources by 2030. Successful initiatives already launched as part of REV include NY-Sun, NY Green Bank, NY Prize, K-Solar, and a commitment to improve energy affordability for low-income communities. To learn more about REV, visit www.ny.gov/REV4NY and follow us @REV4NY.

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