New York is known as a melting pot for its diverse population, but this title is also fitting when it comes to the state’s varied and developing energy market.
TecHome Builder’s new solar series takes it state-by-state to provide you with a better grasp on the current solar market, including laws and advice from builders on how to overcome challenges.
Now, in part eleven of the series, we visit New York and speak to engineer and consultant Gordon Woodcock at Taitem Engineering about the energy market.
“The markets are mixed due to a wide range of energy prices across the state, and different demographics,” says Woodcock.
Solar adoption is on the rise in New York due to consumer awareness, equipment cost drops, financial incentives and rising electrical costs.
SCROLL: New York’s Thriving Energy Market Doubles Down on Solar
[tps_title] New York [/tps_title]
Adding Solar to the Energy Market Mix
According to the U.S. Energy Information Administration’s report on New York, the state had the seventh-highest average electricity price in the country, last year. This may seem high, but the state had the third-highest price in 2014.
To continue driving down these higher-than-average electricity costs, New York aims to install 3,000 MW of small-scale solar arrays by 2023. A small-scale solar array is an array with less than 200 kW capacity.
“There are some key areas with high adoption rates that are generally regions with higher energy costs and income,” says Woodcock.
The state is working with environmental organizations, such as NY-Sun, to set benchmarks and standards that will help the state meet its solar goal by 2023. So far, this lofty aspiration seems likely, as more than 15 percent of that target goal was installed by the end of 2015.