Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
The program is now taking applications for $750,000 in tax credits to support energy storage systems added to existing renewable energy systems, with $225,000 reserved for residential solar customers and $525,000 reserved for commercial taxpayers.
In Governor Andrew Cuomo’s 2018 State of the State address, he re-committed New York to eliminating coal from its power plants in two years, provide solar to 10,000 low-income New Yorkers and invest $200 million in energy storage research.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.