New York Extends On-Site Wind Turbine Incentive Program
May 4, 2011
The New York State Energy Research and Development Authority (NYSERDA) has expanded the funding availability supporting its wind incentive program for another six months and added another $1.4 million in incentive dollars, the agency announced on May 3. The program, aimed at homeowners, farmers, businesses, and municipalities, has gone through several variations since 2008. The goal is to reduce the state's greenhouse gas emissions and reliance on fossil fuels.
Already, the current version of the initiative is on track to be the most popular ever with 33 applications since the program was announced in October. The program helps qualified property owners install wind turbines to generate electricity, providing funding to support approximately 30% of the purchase and installation costs. NYSERDA has provided $3.6 million in incentives so far, leveraging an additional $5.2 million in private investment in residential-based wind power. The projects so far have made it possible for 43 residences, 40 farms, three schools, four businesses, two not-for-profits, and a town to create clean energy. The systems installed so far are expected to generate more than 1.7 megawatt-hours annually, enough electricity to power 260 single-family homes for a year. See the NYSERDA press release.